03/30/1993 05:10 PM Senate O&G

  SENATOR  LEMAN  announced  SB  151  OIL  &  GAS  EXPLORATION                 
  INCENTIVE CREDITS to be up for consideration.                                
                                                                               
  MR. BOYD said he would be available to answer any questions.                 
                                                                               
                                                                               
  SENATOR  ADAMS moved to adopt amendment #1.  SENATOR HALFORD                 
                                                                               
                                                                               
  objected.    SENATOR ADAMS  explained  amendments #1  and #2                 
  concerned  the   confidential  provision   and  would   give                 
  discretion  to  DNR, through  the  Oil and  Gas Conservation                 
  Commission,  to  extend  confidentiality.    After  one  has                 
  invested handsomely  in the  lease activities,  it does  not                 
  make sense for him to give away the advantage of information                 
  before he can use the information.                                           
                                                                               
  MR. BOYD did not agree with that amendment.   The purpose of                 
  the bill is  for the state  to obtain data  that it will  be                 
  able to use  in marketing its own position.   The wells will                 
  be drilled on non-state land.  Current exploration incentive                 
  credits  are  on  state  lands.    He  supported  data being                 
  released in 2 years and not longer.                                          
                                                                               
  SENATOR  LEMAN  asked for  a vote.   Senator  Leman, Senator                 
  Halford voted no and Senator Adams  voted yes and the motion                 
  failed.                                                                      
                                                                               
  SENATOR LEMAN announced an at ease.                                          
                                                                               
  Number 550                                                                   
                                                                               
  SENATOR  HALFORD  moved  to  pass  SB  151  with  individual                 
  recommendations.   SENATOR  ADAMS  objected.   SENATOR LEMAN                 
  asked  for a  vote.   Senator  Leman,  Senator Halford,  and                 
  Senator Sharp voted yes; Senator Adams  voted no, and SB 151                 
  was discharged from committee.