This bill seeks to enhance the regulatory framework for gas resource development in Minnesota by amending various sections of the Minnesota Statutes. It establishes a financial assurance account for gas resource development permits, allowing the State Board of Investment to manage funds collected under these permits. The legislation introduces new definitions and policies aimed at preventing waste, protecting correlative rights, and ensuring the reclamation of development sites. It also mandates rulemaking by relevant agencies to regulate gas and oil exploration and production, while repealing certain existing provisions that may impede effective management. Notably, the bill allows for the commercial development of gas resources in state wilderness areas without surface disturbance and requires permits for gas production to meet specific criteria.

Additionally, the bill outlines the processes for establishing spacing units for gas wells, including application requirements and fees, and details the procedures for voluntary and involuntary pooling of mineral interests. It emphasizes the responsibilities of operators, including the provision of monthly statements to nonconsenting owners and the requirement for financial assurance to cover reclamation costs. The bill also introduces new regulations for gas well construction and sealing, mandates notifications for construction activities, and prohibits certain practices like hydraulic fracturing until rules are adopted. Furthermore, it modifies tax laws related to mining and production activities, ensuring proper tax compliance and equitable distribution of tax revenues generated from mining activities. Overall, the legislation aims to balance resource extraction with environmental protection and responsible management practices.

Statutes affected:
Introduction: 93.513, 11A.236, 86A.05, 93.514, 93.516, 93.55, 103I.001, 103I.005, 103I.601, 272.02, 272.03, 273.12, 289A.02, 289A.12, 289A.19, 290.0134, 290.0135, 290.09, 290.05, 290.923, 297A.68, 297A.71, 298.001, 298.01, 298.015, 298.016, 298.018, 298.17