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West Virginia’s oil and gas industry eager for co-tenancy law

By JESS MANCINI

The Parkersburg News and Sentinel

PARKERSBURG — The results should be almost immediate after a bill supported by the oil and gas industry and owner associations becomes law, a trade association officer said on Tuesday.

House Bill 4268, the Co-tenancy Modernization and Majority Protection Act passed by the Senate this weekend and sent to the governor, would allow a company to drill on land where at least three-quarters of the mineral owners agree, among other provisions, and only applies in situations where there are at least seven owners. The bill was supported by the oil and gas industry, which believes it will improve West Virginia’s competiveness.

An increase in drilling is anticipated soon after the bill becomes law, Charlie Burd, executive director of the Independent Oil and Gas Association of West Virginia, said.

Read the entire article: http://www.newsandsentinel.com/news/local-news/2018/03/oil-and-gas-industry-eager-for-co-tenancy-law/

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