Oil and Gas
Compensation for Mineral Interests
H. State, Veterans & Military Affairs
Rep. Perry Buck, R-Windsor
For the past three sessions, legislation has been introduced that specifies that a local government that bans hydraulic fracturing of an oil and gas well is liable to the mineral interest owner for the value of the mineral interest and that a local government that enacts a moratorium on oil and gas activities shall compensate oil and gas operators, mineral lessees, and royalty owners for all costs, damages, and losses of fair market value. Staff anticipates the bill will come back again in 2018.