Home › W.Va. Finalizes Deal With Statoil To Drill Under Ohio River
 

Keywords :   


W.Va. Finalizes Deal With Statoil To Drill Under Ohio River

2015-03-24 07:10:47| Logistics - Topix.net

For an average price of $8,732 per acre with 20 percent production royalties, the West Virginia Department of Commerce with allow Norway-based Statoil to frack for oil and natural gas thousands of feet beneath the Ohio River. The finalized lease agreement for drilling in state-owned mineral tracts under the river is in addition to those filed by Noble Energy and Gastar Exploration, which would pay the state $4.9 million and $749,000, respectively, in addition to the 20 percent royalties.

Tags: deal river ohio drill

Category:Transportation and Logistics

Latest from this category

All news
15.11Tropical Storm Sara Graphics
15.11Tropical Storm Sara Forecast Discussion Number 6
15.11Tropical Storm Sara Wind Speed Probabilities Number 6
15.11Summary for Tropical Storm Sara (AT4/AL192024)
15.11Tropical Storm Sara Public Advisory Number 6
15.11Tropical Storm Sara Forecast Advisory Number 6
15.11Summary for Tropical Storm Sara (AT4/AL192024)
15.11Tropical Storm Sara Public Advisory Number 5A
Transportation and Logistics »
15.112
15.11
15.11 RIDE THE 92 23-24
15.11
15.114m×4m
15.11FG/AG 25.0
15.11
15.11Edwards
More »