Mining and drilling; regulate exploration and extraction of gas and oil; provisions

A BILL to be entitled an Act to amend Article 2 of Chapter 4 of Title 12 of the Official Code of Georgia Annotated, relating to mining and drilling, so as to regulate the exploration and extraction of gas and oil in this state; to provide for a definition; to provide for authority to create an Oil and Gas Board under certain circumstances; to require the promulgation of rules and regulations related to drilling and extraction; to amend provisions relating to drilling permits; to increase the amount of bond security for drilling operations; to provide for authority of local governments; to impose a severance tax on the extraction of oil and gas; to provide for related matters; to repeal conflicting laws; and for other purposes.