Thursday, January 13, 2011

DEP Set To Introduce Oil/Gas Regulatory Bill; Industry Providing Comments

Officials with the W.Va. Department of Environmental Protection have met with IOGA of W.Va. and then separately with WVONGA, and the department intends to introduce a bill by next Friday dealing with oil and natural gas regulatory matters. The Secretary has been urged to include pooling provisions or, in the alternative, to publicly support pooling legislation introduced in separate legislation that LGCR is reviewing. The proposed DEP legislation is in its final draft stages, and producers are making final comments on streamlining and clarifying language, best practices concepts and permitting fees. DEP will provide its bill to interested parties prior to its introduction next week.