West Virginia Governor Signs Law Intended to Boost Natural Gas Drilling
3/9/2018
CHARLESTON, W.Va. (AP) — Gov. Jim Justice has signed a new law to allow drilling for natural gas beneath West Virginia property where 75 percent of owners of its royalty interests agree.
It takes effect July 1.
Under current law, a single co-owner can block drilling, though a developer can sue to partition the property and proceed.
Critics argued that it strips property rights from minority owners.
Under the law, they would be guaranteed a share of the highest royalty or a share in the producer’s revenues and costs as an investor.
Justice says it will allow for development while protecting owner rights.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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