Local Government Liable Fracking Ban Oil And Gas Moratorium

The bill 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 associated with the moratorium.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)