Gold plated rorunda

Previous - Slide 33

Well spacing and royalty sharing, called “pooling and unitization” in the statutes, should apply to all new wells drilled.  It is better for West Virginians as consumers, as surface owners, as mineral owners, as investors, as operators as a class, and as stewards of our land and natural resources.  Right now we only have it for statutory deep wells, shallow wells above coal seams, and coal bed methane wells.  The rest of us need to get the Legislature to authorize well spacing and royalty sharing that can be forced on any new oil or gas well by any interested party.

 

Go directly to intro or slide: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 24a 25 26 27 28 29 30 31 32 33