Tuesday, January 11, 2011

Marcellus/Horizontal Well Regulatory Bill, Pooling Issue Headed To 2011 Session

A Joint Judiciary subcommittee voted Monday to separate a pooling provision from a proposed bill that will create new rules and increased licensing fees for drilling in West Virginia Marcellus Shale. Both provisions were reported out of the Legislative interim committee without recommendation. Both matters now head to the full Legislature for consideration during the 2011 legislative session.

The subcommittee bill recommends developing the new rules and fee increases to provide the state’s Office of Oil & Gas with added resources and new water-use procedures to manage horizontal drilling and fracturing techniques.

Lewis Glasser and other horizontal producer companies will continue to advance statutory pooling provisions during the 60-day legislative session, which begins January 12. Read more by clicking on this link.