West Virginia House Bill 4353 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 31 2012 - 25% progression, died in committee
Action: 2012-01-31 - To House Judiciary
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to permit mineral leases that are held through fractionalized development to be renegotiated in the event the minerals being extracted have not been in full production for five continuous years after five years for acreage that has been held only by one or more production wells in a unit that does include that acreage. The bill requires that leases for the extraction of minerals to state with specificity when, or under what conditions, the lease terminates. The bill also provides that leases may not be held in perpetuity. This section is new; therefore, it has been completely underscored.

Permitting mineral owners and producers to negotiate a new lease under certain conditions

Del. Michael Manypenny [D]

Date	Chamber	Action
2012-01-31		To House Judiciary
2012-01-31		Introduced in House
2012-01-31		To Judiciary then Finance
2012-01-31		Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
36	4	9b	New Code	See Bill Text

Type	Source
Summary	http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=4353&year=2012&sessiontype=RS&btype=bill
Text	http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=hb4353%20intr.htm&yr=2012&sesstype=RS&i=4353