House Majority Floor Leader Rocky Adkins says the bill creates a strong regulatory foundation ahead of expected growth in oil and natural gas production in Kentucky.
Adkins says some of the oil and gas laws are more than a half-century old.
The bill passed the House on a 98-0 vote Wednesday and now goes to the Senate.
The bill comes amid concerns among some landowners about the practice of hydraulic fracturing, also called fracking. The legislation would require companies to disclose what chemicals they use. However, they would not have to say how much of the chemical they use if they can prove that information is a trade secret.