This presentation was made to the West Virginia Land and Mineral Owners Association by Philip A. Dinterman in 2017. The slides include a lot of information, but it sure would have been interesting to hear the actual presentation and discussion. The long and short of it is that the Rogersville Shale is very likely to produce a lot of natural gas when companies get around to drilling into it, but it’s very expensive and hasn’t been well explored as yet so companies are hesitant to throw a lot of resources at it.
Monthly Archives: April 2018
Pipeline Tree-sitter being Starved Out
There are two people sitting in trees which are in the right of way that the Mountain Valley Pipeline has bought. They’ve been there for a few weeks, and people have been bringing them food and water. The county is no longer allowing people to do that. It probably won’t be long before they run out of water.
Quite a few Virginia State legislators are protesting the county’s decision to cut off the tree-sitters’ supplies. It will be interesting to see where this story goes.
The State of Oil and Gas: April 2, 2018
A lot has happened over the last few months, with oil prices rising and gas prices falling. Some highlights follow.
West Virginia has entered into a Memorandum of Understanding with China Energy, the first step in creating a government/business relationship. The goal of the relationship will be to develop natural gas downstream facilities in West Virginia. This is great news for West Virginia.
Oil prices climbed above $60/bbl and pretty much stayed there, thanks to OPEC and Russia extending their policy of keeping production limited.
Cotenancy has passed the West Virginia legislature. The highlights of the legislation are that if 75% of the owners of a given tract sign a lease, the other 25% can be forced into a lease at the best terms that the other owners signed up at. There are more details and we’ll get to that in another post another day.
Renewables are not pushing oil, gas, and coal out of the marketplace. The data and the article are from last year, but the trends are long-term so the article is still worth reading.
Tree-sitters have effectively pushed back the timeline for the Mountain Valley Pipeline to be built. It will be interesting to see how long this tree-sitting continues.