West Virginia Senate approves natural gas co-tenancy bill

A bill allowing natural gas drilling if 75% of the landowners of the targeted properties agree rather than the current 100% passed the West Virginia Senate on March 3, 2018, reports the Huntington Herald-Dispatch. The newspaper says House Bill 4268, known as the Co-tenancy Modernization and Majority Protection Act, was approved by a 23-11 vote and awaits the signature of Governor Jim Justice. The Independent Oil & Gas Association of West Virginia has said that passage of the bill is vital to the industry's success, claiming it will lead to increased natural gas production, more severance and property tax revenues, increased royalty payments to mineral rights owners and gains in employment. For more, read the full story.

West Virginia