Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

West Virginia still waiting for fracking royalties

Canadian Press, The Canadian Press
0 Comments| January 6, 2016

{{labelSign}}  Favorites
{{errorMessage}}

CHARLESTON, W.Va. - West Virginia has received $18 million so far from leases granted by state officials to drill for oil and natural gas below state wildlife management areas and waterways, including beneath the Ohio River.
 
But as natural gas prices stay low, state officials say they've only received up-front checks so far, and no royalties for unearthing the resources from the deep shale deposits. No companies with state leases have begun extracting gas, as far as state Department of Commerce officials know.
 
The department first put the deep, horizontal drilling leases out to bid in fall 2014.
 
Commerce Secretary Keith Burdette says much of the money will go back into wildlife management programs. Some will fund parks projects, ranging from upgrades at cabins to campground improvements.


{{labelSign}}  Favorites
{{errorMessage}}

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today

Featured Company