Legislature(2021 - 2022)BARNES 124
03/22/2021 01:00 PM House RESOURCES
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| Audio | Topic |
|---|---|
| Start | |
| HB115 | |
| HB81 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 115 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| += | HB 81 | TELECONFERENCED | |
HB 81-OIL/GAS LEASE:DNR MODIFY NET PROFIT SHARE
1:07:02 PM
CHAIR PATKOTAK announced that the final order of business would
be HOUSE BILL NO. 81, "An Act authorizing the commissioner of
natural resources to modify a net profit share lease." [Before
the committee was the proposed committee substitute (CS) for HB
81, Version 32-GH1706\B, Nauman, 3/16/21, as amended, adopted as
the working document during the meeting of the House Resources
Standing Committee on 3/17/21.]
REPRESENTATIVE HOPKINS moved to adopt the proposed committee
substitute for HB 81, Version 32-GH1706\I, Nauman, 3/22/21, as
the working document. There being no objection, Version I was
before the committee.
1:07:49 PM
Grace Ervine, Staff, Representative Josiah Patkotak, Alaska
State Legislature, provided an overview of the proposed CS for
HB 81, Version I, on behalf of Representative Patkotak, prime
sponsor. She reminded the committee that the prior proposed CS,
Version B, conformed the bill from the Department of Law and
Department of Natural Resources drafting style to the
Legislative Legal Services drafting style. She paraphrased the
changes in Version I, which read as follows [original
punctuation provided]:
Page 2 Lines 16 19
- Clarifies language in subsection D regarding
circumstances in which capital expenditures are needed
to extend the economic life of an oil or gas field or
pool
- Specifies that subsection D only applies to net
profit share lease modifications
Page 2 Line 31
- Conforming change related to changes made to
subsection D
Page 3 Lines 11 18
- Adds further clarification to modifications in
which capital expenditures are needed, ensuring that
lessees are actually making the needed capital
expenditures
Page 4 Line 18
- Conforming change related to changes made to
subsection D
1:09:29 PM
RYAN FITZPATRICK, Commercial Analyst, Division of Oil and Gas,
Department of Natural Resources, referred to comments he had
made at the close of last session and thanked the committee
members for their consideration and work on HB 81.
1:10:03 PM
REPRESENTATIVE HOPKINS moved to report CSHB 81, Version 32-
GH1706\I, Nauman, 3/22/21, out of committee with individual
recommendations and the accompanying fiscal notes. There being
no objection, CSHB 81(RES) was reported out of the House
Resources Standing Committee.
| Document Name | Date/Time | Subjects |
|---|---|---|
| HB 81 CS 32-GH1706 Version I.pdf |
HRES 3/22/2021 1:00:00 PM |
HB 81 |
| HB 81 Changes in HRES CS Version I 3.22.2021.pdf |
HRES 3/22/2021 1:00:00 PM |
HB 81 |