1 STATE OF OKLAHOMA
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2 2nd Session of the 59th Legislature (2024)
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3 SENATE BILL 1514 By: Paxton
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6 AS INTRODUCED
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7 An Act relating to the Commissioners of the Land
7 Office; amending 52 O.S. 2021, Section 570.14, which
8 relates to the Production Revenue Standards Act;
8 providing certain statutes of limitations be applied
9 to the Office; amending 64 O.S. 2021, Section 1073,
9 which relates to oil and gas leases of the Office;
10 conforming language; and providing an effective date.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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14 SECTION 1. AMENDATORY 52 O.S. 2021, Section 570.14, is
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15 amended to read as follows:
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16 Section 570.14. A. The district courts within this state shall
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17 have the sole and exclusive jurisdiction to determine the
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18 entitlement of any owner in a well to:
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19 1. Its share of proceeds from production; or
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20 2. Damages, interest, court costs, attorneys’ attorney fees or
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21 allowable litigation expenses incurred as a result of the violation
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22 of this act the Production Revenue Standards Act.
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23 B. Any rulemaking power granted to the Corporation Commission
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24 by the Production Revenue Standards Act shall neither preclude nor
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 1 impair the right of any owner to obtain through the district courts
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2 remedies available under existing law or additional remedies herein
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3 granted to any owner injured in business or property by reason of
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4 any action in violation of the provisions of the Production Revenue
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5 Standards Act.
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6 C. Any owner injured in business or property by reason of any
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7 action in violation of the provisions of the Production Revenue
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8 Standards Act shall have the right to:
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9 1. Recover actual damages so sustained; and
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10 2. Obtain specific performance where equitable.
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11 The prevailing party in any court proceeding brought pursuant to the
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12 Production Revenue Standards Act shall be entitled to recover the
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13 costs of the suit, including but not limited to reasonable attorney
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14 and expert witness fees.
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15 D. 1. For purposes of the Production Revenue Standards Act,
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16 the statute of limitations on actions brought pursuant to the
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17 provisions of the Production Revenue Standards Act shall be five (5)
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18 years from the date the cause of action shall have accrued,;
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19 provided, however, nothing shall create, limit or expand any statute
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20 of limitations applicable to production occurring prior to September
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21 1, 1992.
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22 2. The statute of limitations provided for pursuant to this
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23 subsection shall also apply to the Commissioners of the Land Office.
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 1 SECTION 2. AMENDATORY 64 O.S. 2021, Section 1073, is
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2 amended to read as follows:
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3 Section 1073. A. The royalty proceeds derived from the sale of
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4 oil or gas production under any oil and gas lease granted by the
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5 Commissioners of the Land Office shall be paid to the Commissioners
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6 pursuant to the terms of the Production Revenue Standards Act.
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7 B. The statute of limitations established pursuant to Section
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8 570.14 of Title 52 of the Oklahoma Statutes shall apply to the
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9 Commissioners of the Land Office as it relates to the Production
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10 Revenue Standards Act.
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11 SECTION 3. This act shall become effective November 1, 2024.
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13 59-2-2881 RD 12/20/2023 10:25:37 AM
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