Hb 4292 News Today

The West Virginia Senate Energy, Industry and Mining Committee approved a bill that would target nonpayment of gas and oil royalties, but not before changing the terms of damages collection under the measure, House Bill 4292. HB 4292 is designed to address nonpayment of relatively small royalty payments from conventional vertical wells.

The West Virginia House of Delegates overwhelmingly passed a bill, House Bill 4292, targeting nonpayment of gas and oil royalties. The bill would set a penalty for nonpayment of royalties under oil and natural gas leases during production from conventional vertical wells.

The full West Virginia House of Delegates will consider a bill, House Bill 4292, that would target nonpayment of gas and oil royalties after the House Judiciary Committee advanced the legislation. The bill would set a penalty for nonpayment of royalties under oil and natural gas leases during production from conventional vertical wells.

The state House Energy and Manufacturing Committee on, on Jan. 16, 2024, approved House Bill 4292, which would set a penalty for nonpayment of royalties under oil and natural gas leases during production from conventional vertical wells, making drillers liable for three times the market value of the extracted minerals for which payment is due.