By KATE MISHKIN
Charleston Gazette-Mail
CHARLESTON, W.Va. — After passing the Senate Saturday morning, House Bill 4268, or the “co-tenancy bill,” is headed to the governor’s desk.
The House of Delegates concurred with the Senate’s changes to the bill’s name on a 58-41 vote Monday morning. The new title is a longer explanation of the bill, including which state code is affected and what the bill would do.
The bill, considered the oil and gas industry’s biggest priority of the session, would allow natural gas and oil companies to drill on land with the consent of at least 75 percent of the owners. It includes an amendment, introduced in the House, to give 50 percent of unknown owners’ interest on the minerals to a Public Employees Insurance Agency stability fund.
Read the entire article: https://www.wvgazettemail.com/business/bill-to-allow-oil-gas-drilling-with-owners-consent-heads/article_3af61c75-a945-5470-bdf5-d694737fc4e2.html
See more from the Charleston Gazette-Mail
