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Board approves disbursement from escrow to McGuire heirs, authorizes direct royalty payments
Summary
Pocahontas Gas LLC presented reconciliation exhibits and the board approved disbursement of escrow funds and authorization for direct payments to the McGuire heirs trust and named individuals, with one tract remaining under title review.
The Virginia Gas and Oil Board approved a petition from Pocahontas Gas LLC to disburse escrowed royalties related to unit V‑37 and to begin paying royalties directly to identified payees, including the McGuire heirs trust and named individuals.
Pocahontas's representatives (Kelly Berry and Mark Swartz) explained the filing: table 1 on the exhibit authorized payment of specific dollar amounts to prior owners for tract 1C…
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