"Truth in Leasing" bill introduced to deter deceptive practices by the oil and gas industry

Ohio Rep. Mark D. Okey (D-Carrollton) introduced the "Truth in Leasing" bill yesterday, which outlines a number of provisions intended to "protect Ohio's landowners against fraud, abuse, and deceptive practices by the oil and gas industry," WTRF reports. The bill would create a licensing system for landmen, establish minimum royalty payments, require regular auditing of royalty payments as well as testing of the local water supplies before and after drilling – both at the company's expense, and require the company to issue "public notification of any accidents or incidents related to drilling that may result in property damage or health risks," the article said. For more, read the full story here or read the full text of the bill here.

Ohio