West Virginia House Bill 4604 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 2)
Status: Introduced on February 13 2018 - 25% progression, died in committee
Action: 2018-02-13 - To House Energy
Pending: House Energy Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to provide that proceeds from certain oil and gas wells that are due to persons whose name or address are unknown are to be kept in a special fund and if unclaimed within seven years the proceeds shall be transferred to the Oil and Gas Reclamation Fund. The bill provides that if there is a surface disturbance those named surface owners of a leased interest subject to pooling for a horizontal well are the only surface owners insofar as the well permit is concerned. The bill provides that if another surface owner should become known his or her name shall be added as a surface owner on the permit. The bill provides that if proceeds from other mineral tracts in a unit or pool of a horizontal well are not claimed by an unknown, missing or abandoned owner within seven years the proceeds shall be transferred to the Oil and Gas Reclamation Fund. The bill provides that certain provisions take effect beginning when funds have been unclaimed for seven years after the special commissioner’s lease regardless of when the lease was signed. The bill authorizes rulemaking.

Providing that proceeds from certain oil and gas wells that are due to persons whose name or address are unknown be kept in a special fund

Del. Roger Hanshaw [R]

Del. John Shott [R]

Date	Chamber	Action
2018-02-13	House	To House Energy
2018-02-13	House	Introduced in House
2018-02-13	House	To Energy then Finance
2018-02-13	House	Filed for introduction

SB455 (Similar To) 2018-02-01 - To Energy, Industry and Mining

Chapter	Article	Section	Citation Type	Statute Text
37	4	9	New Code	See Bill Text
55	12A	7	Amended Code	Citation Text

Type	Source
Summary	http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4604&year=2018&sessiontype=RS&btype=bill
Text	http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=hb4604%20intr.htm&yr=2018&sesstype=RS&i=4604