Thursday, February 10, 2011

Subcommittee Considering Adding Pooling To House Marcellus Bill

A subcommittee of the House Judiciary Committee is discussing H.B. 2878 (Hydraulic Fracturing and Horizontal Drilling Gas Act), which is the natural gas regulatory reform bill that came out of the joint interim committee meetings held in 2010. The bill, as drafted, does not include provisions for statutory pooling, but the subcommittee is considering adding these provisions. Kevin West, Managing Director for External Affairs for EQT, provided comments this morning to the subcommittee in support of statutory pooling. Other speakers who are commenting to the subcommittee on the issue of pooling include representatives for surface owner, mineral owner and royalty owner groups. LGCR Government Solutions is monitoring the subcommittee meeting, and will provide an update as things progress.