"A faster and easier application process will encourage more small natural gas producers to invest in Alaska."
- Rep. Kohring
(JUNEAU) - To streamline the process for shallow gas drilling, House Bill 69, sponsored by House Special Committee on Oil and Gas Chair Vic Kohring (R Wasilla/Mat-Su), was signed into law today by Governor Frank Murkowski in a ceremony in Juneau.
House Bill 69 simplifies the regulatory process for drilling shallow wells for methane deposits found in coal beds while still providing for safe working conditions and environmental protection. Prior to the passage of this legislation, shallow gas drilling was subject to many of the same requirements as the more complicated deep well operations.
"A faster and easier application process will encourage more small natural gas producers to invest in Alaska," Kohring stated. The application process, which once took up to two years, can now be accomplished within 30 to 60 days.
"I am excited about what this law will mean to the Mat-Su Valley in developing our natural resources," Kohring said. "With the signing of this bill, we stand to gain close to $100 million in investments for shallow gas drilling in our area within the next decade."
House Bill 69 is one of several key bills passed this session that will encourage further oil and gas development in Alaska.