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Board approves Pocahontas Gas LLC application to create sealed gob unit covering 298.43 acres
Summary
The board approved Pocahontas Gas LLC’s petition to create a sealed gob (sealed gob unit) drawn from Vent Shaft Unit 18 covering 298.43 acres; the company proposed 12.5% royalty and a $5-per-acre paid-up, 10-year lease for deemed leased interests.
The Virginia Gas and Oil Board on April 15 voted to approve Pocahontas Gas LLC’s petition to create a sealed gob unit from the first panel of Vent Shaft Unit 18, identifying the new sealed unit at 298.43 acres.
Pocahontas representative Kelly Berry testified the company had mailed certified petitions to all owners within the proposed sealed unit,…
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