WV HB4358 | 2012 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 31 2012 - 25% progression, died in committee
Action: 2012-01-31 - To House Judiciary
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 31 2012 - 25% progression, died in committee
Action: 2012-01-31 - To House Judiciary
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to compensate surface owners when minerals are extracted from the substrata below their property. The bill also grants surface owners who have a horizontal well on their property to receive a two percent royalty rate for all minerals extracted from that well that do not lie beneath their property. Those property owners shall receive a two percent royalty for minerals extracted below the surface of their property. This section is new; therefore, it has been completely underscored.
Title
Permitting surface owners to receive a two percent royalty for minerals extracted
Sponsors
Del. Barbara Fleischauer [D] | Del. Michael Manypenny [D] | Del. Ruth Rowan [R] | Del. Harold Sigler [R] |
Del. David Walker [D] |
History
Date | Chamber | Action |
---|---|---|
2012-01-31 | To House Judiciary | |
2012-01-31 | Introduced in House | |
2012-01-31 | To Judiciary then Finance | |
2012-01-31 | Filed for introduction |