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Board approves series of Intervest/Innovest pooling, location exceptions and operator changes; Mountain V named operator for AXP assets
Summary
The board unanimously approved multiple petitions from Intervest/Innovest Operating LLC — including pooling orders, re‑poolings and location exceptions across several units — and approved Mountain V Oil & Gas’ request to be named operator following an asset purchase. The board recorded proposed depths, reserve estimates and cost figures for the proposed wells.
The Virginia Gas and Oil Board approved a slate of largely uncontested petitions from Intervest/Innovest Operating LLC and a separate operator designation for Mountain V Oil & Gas after company witnesses summarized unit acreage, lease status, proposed well depths and cost estimates.
Intervest witnesses (Larry Reeves and James "Ayers") presented multiple petitions for pooling, re‑pooling and well‑location exceptions across units in the Big A Mountain, Pound and North Colby fields. Example figures presented to the board…
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