Oklahoma's Commission on Marginally Producing Oil and Gas Wells will cease to exist this summer.
The commission, which was cited for failing to correct internal control deficiencies last year by state auditors, will merge into the Oklahoma Energy Resources Board on July 1, thanks to legislation signed Friday by Gov. Mary Fallin.
“A partnership between these two entities makes sense,” OERB Executive Director Mindy Stitt said. “The missions of the OERB and the Marginal Wells Commission are closely aligned.
“We are excited about the new opportunities that the merger will provide.”
Details of the transition will be worked out over the next few months, but officials expect the change will not affect any of the commission's programs.
The marginal well commission will be overseen by the to-be-formed Committee for Sustaining Oklahoma's Energy Resources. Staff will be hired under OERB's private administrative contract.
The new committee, which will be under OERB's authority, will function as the oil and gas research and development arm of the Oklahoma Energy Initiative. The initiative was established in 2012 as part of the governor's Oklahoma First Energy Plan.