Revise lease of state lands for underground gas storage

SB 81 authorizes Montana's state board to lease public lands for underground storage of natural gas or liquefied gas (including carbon dioxide and methane), primarily affecting natural gas utilities operating in Montana. Key provisions include requiring lessees to pay for remaining natural gas deposits in the land, limiting bonds to $20,000 per lease, and mandating lease terms to prevent waste or damage to gas deposits. The bill also grants the state board rulemaking authority over these leases and forfeiture procedures for violations. This legislation failed to pass, dying in committee after its third reading failed in March 2025.