This form is an agreement that is used by the Parties that are the owners of working, royalty, or other oil and gas interests in the unit area subject to this Agreement. It is pursuant to the Mineral Leasing Act of February 25, 1920, as amended, 30 U.S.C. Sec. 181 et seq., authorizes Federal lessees and their representatives to unite with each other, or jointly or separately with others, in collectively adopting and operating under a unit plan of development or operations of all or any part of any oil and gas pool, field, or like area, for the purpose of more properly conserving the natural resources whenever determined and certified by the Secretary of the Interior to be necessary or advisable in the public interest.
West Virginia Exploratory Unit Agreement
State:
Multi-State
Control #:
US-OG-737
Format:
Word;
Rich Text
Instant download
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FAQ
Mineral interests in WV are taxed the same as your home. You will pay 60% of the appraised value on the minerals at the levy rate for your county.
Oil is restricted to reservoirs located primarily in northern and central West Virginia. First found in the Kanawha and the Little Kanawha river valleys in the 18th century, West Virginia's oil and gas have long been important economic resources.
The West Virginia Geological and Economic Survey provides an interactive map of over 144,000 oil and gas wells in West Virginia. Users can click on individual wells to access more information, including well logs, production history, important dates, and the availability of samples/cores.
West Virginia has 31 underground natural gas storage fields with a combined storage capacity of about 531 billion cubic feet of natural gas. That is almost 6% of the nation's total underground natural gas storage capacity.
Oil and gas producing states AlaskaIllinoisTexasArkansasKansasVirginiaArizonaKentuckyWest VirginiaCaliforniaLouisianaWyomingColoradoMaryland2 more rows
In many families, there's debate over the owners of mineral rights or surface rights. You can use the local authority website to find the general information in the state and county records.
West Virginia currently ranks #9 in the nation based on barrels of oil equivalent (BOE) production.