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Gas and Oil Board approves Keyrock Energy unitization, names Keyrock operator
Summary
The Virginia Gas and Oil Board approved Keyrock Energy’s petition to create a 508.29‑acre pooled unit, named Keyrock the operator and accepted technical and financial estimates; board members probed notice, lease percentages and carbon‑credit procedures.
The Virginia Gas and Oil Board on Nov. 18 approved a petition from Keyrock Energy LLC to create a pooled (forced‑pooling) unit covering roughly 508.29 acres and named Keyrock the unit operator.
Aaron Davis, a senior engineer at Keyrock Energy, testified the company holds about 96.25% of the unit under lease and is seeking to pool the remaining 3.75% of interests. He said the proposed well would be about 449 feet deep, with estimated reserves of "650 CF" and an estimated completed well cost of $469,576.
Davis desc…
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