STATE - LEGISLATIVE: Notaries Public – Michigan. (Update to 12/14/20 Weekly Report) On December 29, 2020, SB 1187 was signed into law by Gov. Gretchen Whitmer (D) and takes immediate effect. (See full bill summary) The legislation, sponsored by Sen. Peter MacGregor (R), amends the Michigan Law on Notarial Acts to allow for remote procedures (such as signing, witnessing, notarizing, or recording) for certain records through June 30, 2021. Specifically, the Act allows “notaries public to use two-way real-time audiovisual technology to perform notarial acts electronically rather than in person under certain circumstances; allow signing in counterparts.” Read more.STATE - REGULATORY: New Mexico State Land Office Fresh Water Policy. On December 15, 2020, the New Mexico Commissioner of Public Lands, Stephanie Garcia Richard, issued a letter which, “announced plans to halt the practice of commercial sale of fresh water from state trust lands for oil and gas development. This shift in policy will better ensure the long-term stewardship of state trust lands and natural resources." (Read the full press release here) According to the release, “The Commissioner sent the letter to companies that hold easements that grant access to state trust land to pump freshwater for sale to the oil and gas industry. The letter articulates that “No new easements will be issued for the sale of water for use in oil and gas, and existing easements will be not be renewed once they expire." You may also see the Commissioner's policy guide effectuating this change, ENCOURAGING REUSE/RECYCLING OF WATER FOR OIL AND GAS DEVELOPMENT, here, which was also made public on December 15, 2020. Read more.INDUSTRY NEWS: OPEC+ nations keep oil production flat; Saudi Arabia announces production cuts. On January 5, OPEC+ nations agreed to keep oil production flat, while Saudi Arabia announced planned production cuts. The announcements pushed West Texas Intermediate crude futures above $50/bbl for the first time since February 2020. Read more.