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Idaho creates new laws and rules for oil and gas industry

BOISE, Idaho — Idaho is just weeks away from getting a new title: oil- and gas-producing state.

Lawmakers and regulators for the last four years have been trying to prepare and earlier this year approved a bevy of laws and rules to keep up with the nascent industry made possible in Idaho with new technologies.

Idaho Department of Lands Director Tom Schultz says the state is now similar to other oil and gas states when it comes to fees and operational regulations.

Laws passed in 2015 requested by the state agency include making production records public, setting rules for cooperation among companies developing the same pool and setting application fees to cover the state’s cost.

Industry-proposed bills also passed. One gives state officials the option to exclude federal lands from a drilling unit.

In related news, Feds plan to hold Idaho oil and gas lease sale.

This article was written by Keith Ridler from The Associated Press and was legally licensed through the NewsCred publisher network.

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