New Bids Submitted to Drill Under State Lands in West Virginia
As reported by Marcellus Drilling News and the Daily Reporter, the WV Department of Commerce, which is tasked with overseeing the state’s leasing program, opened another round of bids on Friday to lease state-owned lands for oil and gas operations. Jay-Bee Production Company submitted a bid ranging from $5,000 to $16,300 per acre to drill underneath 303 acres in theJug Wildlife Management Area in Tyler County, and Antero Resources bid $8,100 per acrefor 283 acres in the Jug Wildlife Area. Noble Energy also submitted a bid to drill beneath Fish Creek and adjacent lands in Marshall County, and the state is currently negotiating with Noble, Statoil USA Onshore Properties Inc. and Gastar Exploration to lease different sections of the Ohio River.