Opponents of forced pooling in West Virginia prepare for potential legislation
Monday, January 4, 2016
Forced pooling — which allows drillers to extract natural gas from under the properties of landowners who refuse to sign leases or who cannot be located as long as surrounding landowners have signed leases — has been a hot topic is shale regions.
WV MetroNews reports that opponents of forced pooling in West Virginia have begun preparing efforts against forced pooling legislation for horizontal drilling. Forced pooling for vertical drilling in West Virginia is currently an option.
According to gas industry officials, forced pooling would allow West Virginia’s shale to be maximized, but opponents want to protect their options when it comes to their mineral rights.
Via: WV MetroNews > Opponents of forced pooling organizing ahead of start of legislative session
More about forced pooling in West Virginia:
- Forced pooling bill resurfaces in West Virginia Nov. 18, 2015
- West Virginia Farm Bureau endorses forced pooling bill Feb. 28, 2015
- Delegate Eldridge announces passage of forced pooling bill in House Energy Committee Feb. 20, 2015
- Forced pooling legislation sought in West Virginia Feb. 17, 2015
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.