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News and events affecting royalty owners in California and around the nation
The Sound Of Flip Flops
A Consequential Change Of Heart Passes AB 3233 In a surprising turn in the last minutes of a late night session, Senator Bob Archuleta switched his vote in favor of Assembly Bill 3233 (AB 3233), which represents a significant defeat for owners of mineral, oil and gas...
SB 1137 Update and the Continued Fight
California Secretary of State Shirley Weber announced on February 3, 2023 that more than 623,000 valid signatures were gathered. Voters will decide if the bill stays November 5th, 2024. In the meantime, SB 1137 is not currently active. This pause does not mean the...
CalGEM Declares Emergency to Adopt SB 1137 During Referendum Signature Count
The California Geology Energy Management Division (CalGEM) announced its' proposal to adopt emergency regulations for implementation of Senate Bill 1137 requirements. If approved, SB 1137 requirements will take place "no later than January 7th." We have 4 days...
