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Virginia Gas and Oil Board renews First Bank & Trust escrow contract and approves Keyrock Energy unit
Summary
The Virginia Gas and Oil Board voted Dec. 16 to renew First Bank & Trust as the board escrow agent for 2026 and approved Keyrock Energy's petition to create a sealed gob/forced-pooling unit; the Keyrock order was approved subject to a corrected contact address and included a 12.5% royalty offer to unleased parties.
The Virginia Gas and Oil Board on Dec. 16 voted to renew First Bank & Trust as the board's escrow agent for calendar year 2026 and approved Keyrock Energy LLC's application to create a sealed gob forced‑pooling unit covering 423.66 acres.
Chair Gus Stanson said the board had received the contract materials and that First Bank & Trust had “done an exemplary job of handling their escrow account.” A motion to renew the escrow contract carried on a roll call…
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