West Virginia Senate Passes Oil and Gas Drilling Bill
CHARLESTON, W.Va. (AP) — The West Virginia Senate has passed a bill to allow drilling for oil and natural gas beneath property where 75 percent of owners of its royalty interests agree.
The measure passed 23-11 Saturday. It will have to be reconciled with the House-passed version.
Under current law, a single co-owner can block drilling, though a developer can sue to partition the property and proceed.
Sen. Michael Romano voted against the bill, saying it would make it too easy for big companies to take property and make a profit.
Supporters say the bill enables a supermajority of a property’s owners to make money from West Virginia’s underground gas reserves and would give the state more tax revenues.
Lead sponsor Del. Bill Anderson says he’s optimistic that Gov. Jim Justice will sign it.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
Comments