04/12/1994 09:05 AM Senate FIN

  CSHB 199(O&G) am:   An Act  relating to the  exploration and                 
                                                                               
                                                                               
                      production of  oil and  gas and  related                 
                      hydrocarbons, to oil and gas exploration                 
                      licenses, and  to oil and gas  leases in                 
                      certain   areas   of   the  state;   and                 
                      providing for an effective date.                         
                                                                               
                      SCSCSHB  199(FIN)  work  draft  "Q"  was                 
                      ADOPTED.  David Rogers, legal consultant                 
                      to Senate Finance Committee;  Jim Eason,                 
                      Director,  Division  of  Oil   and  Gas,                 
                      Department of Natural Resources; and Ken                 
                      Boyd, Deputy Director, Division of Oil &                 
                      Gas,  Department  of  Natural Resources,                 
                      spoke to the  work draft.  Amendments  1                 
                      and 2  were withdrawn.  Amendments 3, 4,                 
                      5, and 6 were ADOPTED.  SCSCSHB 199(FIN)                 
                      was  REPORTED  OUT  of   committee  with                 
                      individual recommendations,  and a  zero                 
                      fiscal  note  for   the  Department   of                 
                      Natural Resources.