This bill aims to enhance oil and gas exploration and production on state-owned lands in Minnesota by amending existing statutes and introducing new regulations. Key provisions include the amendment of Minnesota Statutes 2022, section 93.25, to allow the commissioner to issue leases for the extraction of gas, oil, and other resources, with specific definitions for "gas" and "production." The bill also establishes a prohibition on gas or oil production without a permit, which must be obtained from the commissioner of natural resources. Additionally, it authorizes various state agencies to adopt rules governing gas and oil exploration and production, ensuring that environmental protections are in place.

Furthermore, the bill establishes a Gas Production Technical Advisory Committee to develop recommendations for a temporary regulatory framework governing gas and oil production, which will be submitted to the legislature by January 15, 2025. It also mandates a report on geologic carbon sequestration to support Minnesota's climate goals, with a similar deadline for submission. The bill includes appropriations totaling over $2 million for the fiscal year 2024 to support these initiatives, including funding for the advisory committees and the development of regulatory frameworks.

Statutes affected:
Introduction: 92.50, 93.25
1st Engrossment: 93.25