The Petroleum Alliance will host a free workshop Nov. 19 to help member companies understand and implement significant changes to Oklahoma’s Production Revenue Standards Act (PRSA).

The workshop, scheduled for 9 to 11 a.m., will be led by attorneys Patrick Stein of McAfee & Taft and Brooks Richardson of GableGotwals.

The session will focus on changes enacted through House Bill 1371, which took effect Nov. 1. The legislation represents a major victory for Oklahoma’s oil and natural gas industry, reducing producer liability and cutting PRSA-related expenses by approximately half.

Topics will include new interest calculation requirements, the creation of the Mineral Owner’s Fund, changes to suspense account procedures, and additional liability protections for operators.