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Board approves two escrow disbursement petitions from Pocahontas Gas LLC; accounts to close after payments
Summary
The board approved two separate petitions from Pocahontas Gas LLC to disburse funds from escrow accounts tied to coal‑bed methane units and to dismiss certain co‑owners; petitioners provided mailing records and an exhibit reconciliation; small bank balance discrepancies were noted in both petitions.
The Virginia Gas and Oil Board on March 8 approved two petitions from Pocahontas Gas LLC to disburse funds held in escrow for coal‑bed methane units and to dismiss certain co‑owners from the related dockets.
Pocahontas land records analyst Kelly Berry testified for both petitions. For the first petition (docket BGOB13‑1217‑4029, Unit Q41), Berry said the unit is inactive and the disbursement would compensate owners who conveyed their interests before a cutoff date of Nov. 30, 2011. Berry provided certified‑mail proof of notice to claimants and said no conflicting claims were received within the 45‑day response period. Exhibits submitted include a pair of tables: Table 1 lists exact dollar disbursements to prior owners who…
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