Transcript Highlights:

• Interest, income, uh, be like interest, dividend, capital gains, uh, sale of royalties.
• Interest, income, like interest, dividend, capital gains, sale of royalties.
• Interest, income, like interest, dividend, capital gains, sale of royalties.
• beneficiaries, and Ali asked me to hand out a booklet in front of you that discusses that. sale of royalties
• And what this does is sale of royalties.

Bills: HB259, HB206, HB207, HB259, HB206, HB207

Keywords: income tax credit, tax incentive, recruitment, remote work, remote worker, recruited worker, rural counties, small counties, county population tiers, opportunity zone, teacher recruitment, nurse recruitment, law enforcement recruitment, workforce development, economic development, relocation incentive, Alabama Department of Revenue, nonrefundable tax credit, tax carryforward, state income tax

Transcript Highlights:

• Finally, the last change we made is that state royalties were decreased by $9 million, to a total of
• The rationale for this adjustment lower is that the actual first three to four months of state royalties
• that in the last couple of years it has comprised 55% of our severance taxes and federal mineral royalties
• And so, you know, one nice thing about that, when you tie it to sales tax, you basically have indexed
• it for inflation as sales tax indexed it for inflation as sales tax goes<01:03:43.680><c> up</c><01:

Keywords: 916, all

Transcript Highlights:

• So that's kind of your future money that the Land Office earns in royalties, and then the little bit
• On slide five, this is with respect to this fiscal year in terms of non-royalty earnings.
• And once again, this is not royalty money.
• In addition, we have the Royalty Management Division, and I think there are about 13 employees there.
• Royalty auditors that go out, and we track that every year.

Transcript Highlights:

• encourage anyone and everyone to go and not only enjoy the events there, but recognize the honor and the royalty
• The royalty that we have in our presence today, and I would encourage adoption of this resolution.

Keywords: 904, all

Summary: The Senate opened by suspending Rule 46 to allow continued committee action during the floor session, then approved the previous day’s journal. It also referred committee reports as designated, with Substitute House Bill 2152 on medical use of cannabis in specified health care facilities and engrossed Substitute House Bill 2471 on collective bargaining sent to the Committee on Ways and Means. The chamber then took up Senate Resolution 8694, celebrating civil, open-minded discussion and commending Marysville-Getchell High School students and the Building Bridges program for promoting respectful civic dialogue and media literacy. Senators spoke in support of the resolution, emphasizing civility, diversity of opinion, and youth leadership. The resolution was adopted by voice vote. The Senate also adopted Senate Resolution 8691 honoring the 2026 Apple Blossom Festival Royal Court, recognizing Queen Breel Precht and Princesses Kaylee Pearson and Parker Avery for their achievements and service. Senators highlighted the festival’s community importance and the students’ leadership and accomplishments. After adoption, the Royal Court and festival supporters were welcomed in the North Gallery and recognized by the Senate. The Senate then adjourned until 12:30 p.m. on Tuesday, February 24, 2026.

Transcript Highlights:

• GDP and generates more than $11 billion in state, local, and federal tax and royalty payments.
• TLMA is a statewide advocacy organization representing land, mineral, and royalty owners across all 254
• You are Ed Longenecker, president of the Texas Independent Producers and Royalty Owners Association.
• contractual talk, especially in the percentage of surface owners compared to oil and gas mineral royalty
• They have no control over what goes on beneath; they don't own the royalty and all the interests beneath

Bills: HB48, HB49, HB 1169, HB1971, HB2584, HB2663, HB2890, HB48, HB49

Keywords: HB 48, oilfield theft, organized theft, petroleum products, oil and gas equipment, DPS, Department of Public Safety, Texas, Railroad Commission, criminal justice, energy resources, theft prevention, organized crime, border region, El Paso, law enforcement task force, asset recovery, pipeline theft, drilling equipment, equipment theft

Transcript Highlights:

• The orange part is what goes into the Land Grant Permanent Fund, basically all of our royalties that
• And then you see a little blue sliver, and those are our non-royalty funds.
• And that’s not the royalty. That is simply the right to get the lease.
• And that means more royalties for us.
• And the last position is with regard to our royalty division, and it's a royalty compliance auditor.

Bills: HB1

Keywords: feed bill, legislative appropriations, legislative branch, New Mexico Legislature, general fund, legislative council service, legislative finance committee, legislative education study committee, house chief clerk, senate chief clerk, per diem, mileage, session expenses, interim committees, district staff, capitol complex, capital outlay data system, legislative processing system, redistricting, census redistricting

Transcript Highlights:

• but also has real use case for provenance, authenticity, guaranteeing that the creators get their royalties
• but also has real use case for provenance, authenticity, guaranteeing that the creators get their royalties
• but also has real use case for provenance, authenticity, guaranteeing that the creators get their royalties
• but also has real use case for provenance, authenticity, guaranteeing that the creators get their royalties
• but also has real use case for provenance, authenticity, guaranteeing that the creators get their royalties

Keywords: 912, senate, all

Summary: The Hawaii State Senate Committee on Commerce and Consumer Protection held an informational briefing on digital assets, blockchain, and related regulatory developments. Chair Jarrett Keohoko said the committee was focusing on national and state policy issues around digital assets, while leaving the separate issue of Bitcoin kiosks and fraud to the House Consumer Protection Committee, which had already noticed a similar briefing. No public testimony was taken; the session was for informational updates and member questions. Representatives from the Aptos Foundation, including JC Yun and Michael Cheng, gave a detailed presentation on blockchain basics and Aptos’s technology. They described blockchain as a tamper-resistant digital ledger, explained proof-of-work and proof-of-stake systems, and argued that proof-of-stake networks are faster, cheaper, and more environmentally friendly. They also emphasized smart contracts and potential uses beyond speculation, such as car titles, college transcripts, collectibles, digital IDs, real estate, and other tokenized assets. The presenters highlighted Aptos’s Hawaii connections and said the technology could help local residents and businesses participate in the digital economy. They cited adoption statistics, including billions of transactions on Aptos, tokenized money market funds from major financial firms, micro-lending applications, decentralized cloud infrastructure, and the rapid growth of stablecoins. They acknowledged concerns about scams and consumer protection, but argued that the answer is stronger regulation and education rather than avoiding the technology altogether.

Transcript Highlights:

• The Geothermal Royalty Reform Act, introduced by Representative Kennedy, provides a much-needed fix to
• the royalty system for geothermal energy, ensuring fair cost distribution for new geothermal facilities
• ><c> Act</c> The Geothermal Royalty Reform Act The Geothermal Royalty Reform Act introduced<04:00:10.880
• </c> provides a muchneeded fix to the royalty provides a muchneeded fix to the royalty system<04:00:14.560
• I'm proud that my own bill, the Geothermal Royalty Reform Act, is being passed as part of it, giving

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, June 2, 2026, 1012, house, all

Transcript Highlights:

• Ed, I see you registered as president of the Texas Independent Producers and Royalty Owners Association
• Texas Independent Producers and Royalty Owners Association testifying in support of House Bill 1647.
• President of the Texas Independent. and the Producers and Royalty Owners Association, T-Pro.

Bills: HB1647, HB2612, HB3125, HB3158, HB3240, HB3506, HB3516, HB3707

Keywords: carbon sequestration, environmental policy, Texas, energy, climate change, regulatory council, geothermal energy, workforce development, education and training, energy industry, apprenticeship, energy production, energy policy, renewable energy, state council, administrative law, public information, transparency, government accountability, judicial process

Transcript Highlights:

• Grand Falls Royalty probably has some other peers in the state, but it's very unique in several respects
• In the case of Grand Falls Royalty, with the very severe enrollment fluctuations that they can have from
• A student goes to Grand Falls Royalty either because they live in a very small town or it actually draws
• In the case of Grand Falls Royalty, again, with an ADA of about 141, if we plugged in those numbers.
• numbers, it would be a net annual increase for Grand Falls Royalty ISD of about $300,000.

Bills: SB 13, SB 27, SB 57, HB1325, HB1655, HB3312, HB5526, SB13, SB57, SB207, HB441, HB591, HB5019, SB27, SB843

Keywords: lobbying, public funds, political subdivision, local government, county association, municipal lobbying, registered lobbyist, Texas Legislature, taxpayer lawsuit, injunctive relief, attorney's fees, government finance, county dues, state association of counties, sheriffs association, law enforcement officers, legislative advocacy, bill tracking, legislative alerts, Government Code Chapter 556

Transcript Highlights:

• Ed, I see you registered as, uh, president of Texas Independent Producers and Royalty Owners Association
• Chairman, committee members again, Ed Longenecker, president of the Texas Independent Producers and Royalty
• Ed, you're here, president for the Texas Independent Producers and Royalty Owners Association, TEPPRO

Transcript Highlights:

• ,<00:39:55.200><c> abandoned</c><00:39:55.599><c> mine</c><00:39:55.920><c> reclamation</c> royalties
• , abandoned mine reclamation royalties, abandoned mine reclamation fees,<00:39:56.800><c> and</c><00:
• It excludes federal taxes and incentives, transmission-related taxes, and state lease royalties.
• Uh due to data lease royalties.
• And so we're so federal royalties.

Keywords: 916, all

Transcript Highlights:

• Sometimes these companies produce or not based on the global crude oil indexes, and today those indices
• for the air quality in Bakersfield versus the rest of California in a chart that shows air quality indexes
• As you can see here in the next slide, this slide shows the carbon intensity index that's made by CARB
• Association, representing 300 independent oil and gas producers, service and supply companies, and royalty

Summary: The joint informational hearing of the Assembly Committees on Utilities and Energy, Transportation, and Natural Resources focused on California’s transportation fuels sector, especially the state’s response to refinery closures and the broader transition away from fossil fuels. Opening remarks emphasized the tension between climate and air-quality goals, fuel affordability, refinery jobs and local tax bases, and the need to avoid crisis-driven responses as Phillips 66 and Valero consider shutting refineries in Wilmington and Benicia. Professor Emily Grubert framed the issue as a long-term managed transition in which the public already bears much of the risk and should also capture benefits from a well-planned shift. CARB Chair Leanne Randolph reviewed the state’s emissions and fuel policies, including AB 32, the low-carbon fuel standard, clean vehicle programs, and the at-berth regulation for ocean-going vessels. She said California’s transportation sector remains the largest source of greenhouse gases and a major source of smog-forming pollution, but that the state has made substantial progress and still needs to reduce demand for fossil fuels while maintaining compliance with federal air-quality standards. Randolph also said CARB’s recent LCFS amendments had not caused the predicted spike in gas prices and explained that compliance pathways for the at-berth rule include emissions-reduction technologies or payments into a remediation fund. CEC Vice Chair Gunda described declining gasoline demand, shrinking in-state refining capacity, and growing dependence on imports, arguing that the state is in a “mid-transition” period that requires both support for legacy infrastructure and continued investment in cleaner alternatives. He outlined the administration’s petroleum market stabilization proposal, which aims to return California crude production to 125 million barrels a year through four components: codifying the ban on fracking, validating the Kern County oil-and-gas permitting ordinance, creating a temporary CEQA exemption paired with a two-for-one plug-and-drill framework, and strengthening pipeline and spill-safety requirements. Department of Conservation Director Jennifer Lucasey said the proposal is intended to stabilize crude supply and pipeline throughput while preserving health and environmental protections, and noted that CalGEM would still review permits and enforce other requirements. Mayor Steve Young of Benicia testified that a Valero closure would significantly reduce city revenue and leave the community facing years of cleanup and redevelopment challenges. He said the city supports environmental protection but is worried about the economic hit, the possibility that Benicia becomes a fuel-import terminal, and the lack of local influence over refinery decisions. Members pressed the panel on the CEQA exemption, tribal and habitat review, disclosure of closure liabilities, fuel-demand projections, and whether the proposal should include more demand-side measures. No formal votes were taken; the hearing was informational, and officials said some proposals, including a margin-cap pause and further transition planning, would be taken up later in the process.

Transcript Highlights:

• So we take royalties. So once they're making money than the state makes money.
• So, and those royalties go from, you know, they step up 3% 4% 5% depending on how much is coming in and
• they pay us royalties until they have reached four times the amount of the award that SIPRA has given
• Now, if they. continue to make royalties after that, then we've got what we call a blockbuster provision
• So they're they're paying royalties back royalties.

Keywords: 1184, house, all

Transcript Highlights:

• Members, I want to introduce you to our Tangipahoa Parish Fair royalty. They'll stand.
• Our 2026 honorees and royalty are Ms.
• Thank you, ladies and royalty. Welcome to the Capitol.
• Give it up for our royalty from Washington Parish, Louisiana.

Bills: HR308, HR309, HR310, HR311, HR312, HR313, HR314, HR315, HR316, HR317, HR318, HR319, HR295, HR296, HR297, HR298, HR299, HR300, HR301, HR302, HR303, HR304, HR305, HR306, HR307, HCR115, HCR116, HCR117, SCR71, SCR72, SCR73, HR73, HR118, HR144, HR196, HR237, HR249, HR260, HR267, HR272, HR273, HR276, HR278, HCR85, HCR100, HCR105, HCR107, HCR113, HCR114, SCR5, SCR29, SCR33, SCR37, SCR63, HB255, HB378, HB509, HB1090, SB80, SB131, SB143, SB251, SB254, SB279, SB367, SB384, SB388, SB389, SB398, SB408, SB431, SB468, SB469, SB496, SB25, SB132, SB155, SB157, SB202, SB295, SB433, HR179, HR223, HR225, HR274, HCR89, HR252, HR253, HCR96, HCR103, HCR108, HCR26, HB250, HB265, HB339, HB427, HB445, HB463, HB468, HB606, HB639, HB649, HB665, HB746, HB781, HB853, HB861, HB872, HB886, HB916, HB937, HB1054, HB1068, HB1117, HB1237, HB74, HB108, HB956, HB1085, HB1137, HB62, HB193, HB210, HB220, HB246, HB364, HB420, HB475, HB584, HB622, HB772, HB784, HB949, HB953, HB1043, HB1070, HB1092, HB1134, HB1162, HB1176, HB1196, HB1214, HB1199, SB268, SB283, HB782, SB149, HR84, HB646, HB998, SB56, SB163, SB197, SB97, SB326, SB341, SB518, SB123, SB353, SB479, SB495, HB901, HR20, HR74, HR168, HCR65, HCR71, HCR98, HB284, HB302, HB306, HB341, HB366, HB393, HB458, HB577, HB603, HB605, HB614, HB625, HB733, HB752, HB773, HB798, HB911, HB955, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1191, HB1240, HB1255, SB82, SB89, HB134, HB258, HB359, SB29, SB42, SB43, SB217, SB274, SB300, SB379, SB382, SB441, SB449

Keywords: HR 308, House Resolution 308, Pope Leo XIV, Catholic Church, Holy See, Vatican, commendation, resolution, Louisiana Catholic heritage, St. Louis Cathedral, New Orleans, South Louisiana parishes, religious recognition, ceremonial resolution, faith leadership, pontificate, spiritual solidarity, human dignity, peace, mercy

Transcript Highlights:

• And some of them are represented today by our royalty here with our young women that are here.
• And with that, I know she truly is royalty. And with that, I know she truly is royalty.
• Princess Kenesha is the youngest member of the royalty, and this is her first year serving as a representative
• President, is my good friend Joletta Vicente, the royalty coordinator, who has held this role for more
• President is my good friend Joletta Vicente, the royalty coordinator, who has held this role for more

Keywords: 996, all

Transcript Highlights:

• for sale, uh, for the point or for lease for the point of trying to get that 25%, I think it was royalty
• haircut on the top for management, and then of course the rest flows directly to NMMI, whereas normal royalties
• , not revenue, but royalties from those lands go to the permanent fund and they're managed by the SIC

Transcript Highlights:

• about the gas used for electric generation, prime power on site, exempt from tax, but what about royalties
• No, it would not be exempt from royalty. It's only a similar process to gas used on the lease.
• You still meter it and account for it and pay for it to the royalty owner, but as you're using it to

Keywords: 908, all

Summary: The Finance and Tax Committee met to consider Senate Bill 2397 and a proposed amendment creating a development incentive well program for North Dakota oil and gas production. Representative Dockter explained the amendment as a way to encourage exploratory and innovative drilling in light of the state’s financial outlook and the growing share of stripper wells. Department of Mineral Resources Director Nathan Anderson and DMR geologist Timothy Nashim presented background on the Bakken and Three Forks formations, with Nashim describing research showing that Middle Three Forks second-bench development can add reserves in some areas but not others, and that roughly 600 additional wells in the strongest area could yield about 250 million barrels of oil. Continental Resources representatives William Houser and John Argo supported the amendment. They said the bill would give a temporary oil extraction tax exemption for certified development incentive wells, limited to 36 months or 300,000 barrels, and would also update tax treatment for gas used in enhanced oil recovery and on-site electric generation. They argued the measure would encourage new technology and testing in existing spacing units, complementing House Bill 1483, which they said focused on geographic expansion into non-Bakken and non-Three Forks areas. Argo said Continental still invests heavily in North Dakota but is shifting rigs elsewhere because of economics, and he urged incentives to spur exploration and preserve the basin’s long-term future. North Dakota Petroleum Council executive director Ron Ness also supported the concept, calling it a targeted, low-risk way to encourage innovation and future barrels. Committee members asked about royalty treatment, the difference from House Bill 1483, pressure maintenance, and how the program would be administered. DMR said the amendment should clarify that the operator bears the burden of proving a well qualifies and that only one incentive well per stratigraphic interval should be certified. No vote was taken; the committee paused to work on revised language and indicated the bill would likely need further adjustment, possibly in conference committee.

Transcript Highlights:

• Section 316, the federal mineral royalties distribution, was also deleted entirely.
• 00:26:39.679><c> the</c><00:26:39.840><c> federal</c><00:26:40.159><c> moral</c><00:26:40.720><c> royalties
• </c> 316, the federal moral royalties 316, the federal moral royalties distribution,<00:26:42.080><c>

Bills: SF0032, SF0010, SF0001, HB0001

Keywords: 911 services, emergency response, grant funding, next generation technology, government accountability, public safety, mental health, detention, competency evaluation, treatment, contractual agreements, Wyoming, budget, funding, education, wildfire prevention, healthcare, community colleges, grants, economic development

Transcript Highlights:

• The rules were implemented and resulted in millions of dollars of methane captured and tax and royalty
• So opponents say no one will buy oil and gas at the rates when we tried to raise the royalty rates.
• Our state land office commission said the best leases sold at the higher royalty rates, shattering previous
• Each plume represents lost royalties and severance taxes.

Bills: SB12, SB36, SB92, SB120, SB133, SB151, SB18, SB96

Keywords: tax credit, physician, healthcare, income tax, rural health, quantum technology, infrastructure, economic development, New Mexico, corporate tax, research and development, innovation, affordable housing, gross receipts tax, tax deduction, construction materials, multifamily housing, low income, journalism, local news