House Bill No. [insert number] amends R.S. 30:1104.2(C) and (D) to establish guidelines for compensation of owners in interest within carbon dioxide sequestration units. The bill mandates that unitization orders must ensure just and equitable compensation for all owners, including those who do not consent to geologic storage. A significant addition is the requirement that nonconsenting owners must receive a minimum compensation per acre that is not less than the average compensation paid to consenting owners in the storage unit. This aims to protect the interests of nonconsenting landowners and ensure fair compensation practices.

Additionally, the bill clarifies the judicial review process for compensation disputes. It allows the proposed storage unit operator or any owner in interest without a contract to seek court review regarding the public necessity of the storage unit and the fairness of the compensation offered. The court's review will focus specifically on the compensation relevant to the owner seeking review, and it may request necessary information to determine just compensation. Furthermore, the bill allows for a jury trial if requested, ensuring that these reviews are conducted promptly and with preference in court scheduling.

Statutes affected:
HB499 Original: 30:2(C)