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OklahomaHB 1371Oklahoma 2026 Regular SessionHouseWALLET

Oil and gas; interest; remittance; escrow account; relief of liability; effective date.

Sponsored By: Anthony Moore (Republican)

Signed by Governor

Senate Committee

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 1 benefits, 1 costs, 2 mixed.

15% interest on late royalties

The law sets 15% yearly interest on oil and gas proceeds that are paid late. Interest runs from the end of the month of sale until the day you are paid. This applies when payors miss the legal payment deadlines. Starts November 1, 2026.

Court damages capped for late royalties

When the late‑payment interest rate is at least 15% a year, this Act is the only remedy for late royalty payments. In court, you can recover the unpaid proceeds and the statutory interest. You cannot get punitive or extra damages unless there is clear and convincing proof of actual, knowing, and willful deceit. Starts November 1, 2026.

Unpaid royalties move to state fund

After 36 months without payment, payors can send your proceeds and interest to the state Mineral Owner’s Fund, if they have contacted you. The State Treasurer keeps the money in a separate escrow for owners and must keep records. Payors must mail notice to your last known address. Once money goes to the Fund, the payor is released and you claim from the Treasurer instead. Some suspended proceeds must be sent within 180 days after they come due. These proceeds are presumed abandoned at 36 months. Starts November 1, 2026.

When royalty interest is paused or 6%

Interest is 6% a year when your title is not marketable. It runs from the end of the sale month until payment. No interest is owed while probate stays open, when you ask in writing to suspend, or when a lien is filed. If a mailed check is returned or not cashed after a good‑faith address search, or you refuse an electronic payment, interest stops from that date. Payors must keep copies of mailings, returned envelopes, and checks. Starts November 1, 2026.

Sponsors & Cosponsors

Sponsor

  • Anthony Moore

    Republican • House

Cosponsors

  • Brad Boles

    Republican • House

  • Bill Coleman

    Republican • Senate

  • Grant Green

    Republican • Senate

  • Chuck Hall

    Republican • Senate

  • John Haste

    Republican • Senate

  • Mark Mann

    Democratic • Senate

  • Adam Pugh

    Republican • Senate

  • Ally Seifried

    Republican • Senate

  • Brenda Stanley

    Republican • Senate

  • Marilyn Stark

    Republican • House

  • Danny Sterling

    Republican • House

  • Tammy West

    Republican • House

  • Kristen Thompson

    Republican • Senate

  • Tom Woods

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 382 • No: 3

House vote • 4/29/2026

FOURTH READING

Yes: 88 • No: 3

Senate vote • 4/15/2026

THIRD READING

Yes: 44 • No: 0

Senate vote • 4/24/2025

Committee vote: Energy

Yes: 10 • No: 0

House vote • 3/26/2025

Top_of_Page

Yes: 95 • No: 0

House vote • 3/26/2025

THIRD READING

Yes: 95 • No: 0

House vote • 3/5/2025

DO PASS

Yes: 15 • No: 0

House vote • 3/5/2025

DO PASS

Yes: 15 • No: 0

House vote • 2/5/2025

DO PASS

Yes: 10 • No: 0

House vote • 2/5/2025

DO PASS

Yes: 10 • No: 0

Actions Timeline

  1. Approved by Governor 05/06/2026

    5/6/2026House

  2. Sent to Governor

    5/4/2026House

  3. Enrolled measure signed, returned to House

    5/4/2026Senate

  4. Enrolled, signed, to Senate

    5/4/2026House

  5. Referred for enrollment

    4/29/2026House

  6. Fourth Reading, Measure passed: Ayes: 88 Nays: 3

    4/29/2026House

  7. Coauthored by Representative(s) Stark

    4/29/2026House

  8. SA's read, adopted

    4/29/2026House

  9. SA's received

    4/16/2026House

  10. Engrossed to House

    4/16/2026Senate

  11. Referred for engrossment

    4/15/2026Senate

  12. Coauthored by Senator Woods

    4/15/2026Senate

  13. Measure passed: Ayes: 44 Nays: 0

    4/15/2026Senate

  14. Enacting clause restored

    4/15/2026Senate

  15. Title restored

    4/15/2026Senate

  16. General Order, Amended by Floor Substitute

    4/15/2026Senate

  17. Coauthored by Senator Pugh

    4/15/2026Senate

  18. Coauthored by Senator Hall

    4/15/2026Senate

  19. Coauthored by Senator Coleman

    4/15/2026Senate

  20. Coauthored by Senator Haste

    4/15/2026Senate

  21. Coauthored by Senator Thompson

    4/15/2026Senate

  22. Coauthored by Senator Seifried

    4/15/2026Senate

  23. Coauthored by Representative West (Tammy)

    4/15/2026Senate

  24. Coauthored by Representative Sterling

    4/15/2026Senate

  25. Coauthored by Senator Stanley

    4/15/2026Senate

Bill Text

  • Enrolled (final version)

    4/29/2026

    PDF

  • Amended And Engrossed

    4/16/2026

    PDF

  • Floor (Senate)

    4/28/2025

    PDF

  • Senate Committee Report

    4/24/2025

    PDF

  • Engrossed

    3/27/2025

    PDF

  • Floor (House)

    3/9/2025

    PDF

  • House Committee Report

    3/5/2025

    PDF

  • House Policy Committee Report

    2/5/2025

    PDF

  • Introduced

    1/15/2025

    PDF

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