What are free gas rights?
Many oil and gas leases contain what is commonly known as a “free gas” clause. Such clauses typically entitle the landowner to “use” 250,000 to 400,000 cubic feet of gas per year from any wells developed on their property.
Does West Virginia have natural gas?
West Virginia has the fourth-largest natural gas reserves of any state, because it overlies part of one of the largest U.S. natural gas-producing areas in the nation.
Where is natural gas found in West Virginia?
Throughout much of West Virginia, natural gas is much more commonly encountered than oil, and is found throughout the state west of the Allegheny Front. The most common reservoirs are the thin sandstones of the Upper Devonian and Lower Mississippian geologic periods.
What does free gas mean?
Gas that exists in the reservoir in the gaseous phase rather than in solution. As soon as formation pressure drops below the bubblepoint, gas is evolved. This is referred to as free gas while it is in the reservoir.
What states have mineral rights?
The Fort Worth, Texas, company has separated the mineral rights from tens of thousands of homes in states where shale plays are either well under way or possible, including North Carolina, Alabama, Mississippi, Virginia, New Mexico, Nevada, Arizona, Oklahoma, Utah, Idaho, Texas, Colorado, Washington and California.
How much natural gas is in West Virginia?
About 240 Bcf of natural gas working storage capacity is located in West Virginia, which is 5% of the Lower 48 states’ total natural gas working storage capacity.
Which region produces the most natural gas in WV?
Marcellus Shale
West Virginia is in the leading natural gas-producing area in the nation, and the state’s natural gas production has increased with the development of the Marcellus Shale.
How many gas wells are in West Virginia?
The West Virginia Geological and Economic Survey provides an interactive map of over 144,000 oil and gas wells in West Virginia.
What is free gas initially in place?
Original oil in place (OOIPoriginal oil in place) and original gas in place (OGIPoriginal gas in place) refer to the total volume of hydrocarbon stored in a reservoir prior to production.
Can you abandon mineral rights?
As you know, mineral rights can be severed from the surface rights. Severed mineral rights are often passed down through generations becoming more and more fractionalized over time. Title issues may exist where the owner of record with the county courthouse still shows up as the decedent.
Where is natural gas in WV?
Throughout much of West Virginia, natural gas is much more commonly encountered than oil, and is found throughout the state west of the Allegheny Front . The most common reservoirs are the thin sandstones of the Upper Devonian and Lower Mississippian geologic periods.
Is there oil in Virginia?
Virginia has known reservoirs of both oil and natural gas west of the Blue Ridge. In addition, there may be undiscovered petroleum resources in Upper Devonian black shales underneath Paleozoic thrust sheets (comparable to producing fields in east-central Kentucky), in Triassic basins east of the Blue Ridge,…
What are natural gas wells?
Gas wells are wells drilled specifically for natural gas, and contain little or no oil. A gas well is a flowing well producing mainly gaseous hydrocarbons . A gas well is a well for obtaining natural gas.