Bill No.: HB0050                  Drafter:  DJP

LSO No.:  07LSO-0386              Effective Date:  7/1/2007

Enrolled Act No.:  HEA0075

Chapter No.:

Prime Sponsor:     Representative Childers

Catch Title:       Oil and gas units.

Subject:  Agreements for recovery operations.

Summary/Major Elements:

• Under current law, owners of oil and gas interests may enter into cooperative agreements establishing a unit area under which waterflooding or other recovery operations can be conducted.

• This bill modifies consent requirements necessary to amend such agreements.