West Virginia Proprietary Technology - Horizontal Well - Restriction on Disclosure

State:
Multi-State
Control #:
US-OG-714
Format:
Word; 
Rich Text
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Description

This provision is for an Agreement where there is the expectation that one or more horizontal wells may be drilled within the Contract Area. This section addresses the drilling of Horizontal Wells and that they shall remain the sole property and information of the Operator

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FAQ

Copies of permit applications may be reviewed at the WV Department of Environmental Protection headquarters, located at 601 57th St., SE, Charleston, WV., 25304 (304-926-0450).

West Virginia has a minor amount of crude oil reserves, and the state accounted for less than 0.5% of U.S. crude oil production in 2021. West Virginia's first commercial oil field began producing just before the Civil War, and the state's total annual crude oil production rose to a high of 16 million barrels in 1900.

How does West Virginia rank in the nation for oil and gas production? West Virginia currently ranks #9 in the nation based on barrels of oil equivalent (BOE) production. How many wells were drilled in West Virginia so far this year? West Virginia has had 114,595 wells drilled this year.

Parkersburg was the chief oil market. The Volcano oil field was discovered in 1860, and from 1865 to 1870 drilling was very active, producing from the Salt sand at a depth of about 360 feet. The heavy lubricants produced led to the development of West Virginia's first oil pipeline, from Volcano to Parkersburg, in 1879.

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West Virginia Proprietary Technology - Horizontal Well - Restriction on Disclosure