West Virginia Governor Signs Law Intended to Boost Natural Gas Drilling
3/9/2018
CHARLESTON, W.Va. (AP) — Gov. Jim Justice has signed a new law to allow drilling for natural gas beneath West Virginia property where 75 percent of owners of its royalty interests agree.
It takes effect July 1.
Under current law, a single co-owner can block drilling, though a developer can sue to partition the property and proceed.
Critics argued that it strips property rights from minority owners.
Under the law, they would be guaranteed a share of the highest royalty or a share in the producer’s revenues and costs as an investor.
Justice says it will allow for development while protecting owner rights.
Related News
Related News
Sign up to Receive Our Newsletter
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
- LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments