Legislation relating to proceeds from certain oil and gas wells was rejected in a 30-4 vote, Saturday.
If passed, House Bill 2779 would have provided that proceeds from certain oil and gas wells be kept in a special fund if the individual who own’s the well had a unknown address. Following a brief explanation from Sen. Ryan Weld, R-Brooke, multiple Senators rose in opposition prior to the rejection vote.
The bill was the last piece of legislation reviewed by the body following a brief recess Saturday. Before House Bill 2779 was rejected, a number of other bills were passed by the Senate.
Of the passed bills were:
- 2474 Relating to a reserving methodology for health insurance and annuity contracts
- 2618 Including undue influence as a factor in the definition of financial exploitation of an elderly person or protected person
- 2673 Creating the Oil and Gas Abandoned Well Plugging Fund
- 2761 Modernizing the self-service storage lien law
