West Virginia Notice and Declaration of Gas Storage Provided For in Oil and Gas Lease
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How to fill out Notice And Declaration Of Gas Storage Provided For In Oil And Gas Lease?
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FAQ
Natural gas. West Virginia is the fourth-largest producer of marketed natural gas in the nation. West Virginia is the nation's fourth-largest producer of marketed natural gas. The state is within the Marcellus Shale productive region, one of the largest natural gas-producing areas in the United States.
Gasoline is the most-consumed petroleum product in the United States. In 2022, consumption of finished motor gasoline averaged about 8.78 million b/d (369 million gallons per day), which was about 43% of total U.S. petroleum consumption.
The West Virginia Geological and Economic Survey provides an interactive map of over 144,000 oil and gas wells in West Virginia.
How does West Virginia rank in the nation for oil and gas production? West Virginia currently ranks #9 in the nation based on barrels of oil equivalent (BOE) production. How many wells were drilled in West Virginia so far this year? West Virginia has had 114,642 wells drilled this year.
The refined products are used in a variety of applications, including compounding motor oils, gear oils, greases, pharmaceutical and agricultural spray oils, food-grade applications, and high-temperature rubber applications.
About 45 percent of a typical barrel of crude oil is refined into gasoline. An additional 29 percent is refined to diesel fuel. The remaining oil is used to make plastics and other products (see image Products made from a barrel of crude oil, 2016).
Declaration of consideration or value. The declaration states the property's value or the payment, called consideration, made for the property. The current owner, new owner, or another responsible party must sign the declaration. The West Virginia Code suggests language for a declaration of consideration or value.
The major uses for petroleum products are gasoline, diesel fuel, fuel oil (often used for heating homes), propane, aviation fuel, petrochemical feedstocks, kerosene, lubricants, waxes, and asphalt.
