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Virginia Gas and Oil Board delays decision on E36 pooling dispute as parties negotiate
Summary
After hours of legal argument over Unit E36, the Virginia Gas and Oil Board agreed to continue items 5–10 to its February meeting while parties pursue a narrow settlement on how revenue from a 1.05‑acre tract will be handled.
The Virginia Gas and Oil Board on Jan. 20 declined to rule on a contested pooling application for Unit E36, instead voting to continue items 5–10 to the board’s February meeting while parties try to settle a narrow revenue‑sharing dispute.
The hearing centered on a legal fight between Diversified (which holds a lease covering the coalbed‑methane gas in the E36 drilling unit) and Pocahontas Gas (the applicant seeking forced pooling). Diversified’s attorney, Mr. Street, told the board that E36 is “voluntarily pooled” and that Buchanan Energy — the fee owner — and Diversified through its lease control the unit, arguing the board therefore lacks jurisdiction to force‑pool the unit and asking the board to dismiss Pocahontas’s petition.
Pocahontas Gas attorney Mr. Schwartz disputed that reading and urged the board to pool E36 so that owners of a tiny, 1.05‑acre interest in the unit receive revenue from…
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