This just came in on another thread. Can anyone dumb this down a little for me? How will it affect current lease negotiation as well as the possibility of them just backing out of any current offer?
Marion Natural Energy (Northeast Natural Energy) has a hearing with the Oil & Gas Commission on 7/17 for an order establishing drilling units and pooling of unleased tracts and interests of owners who have not entered into voluntary agreements.
Meeting Details
Docket No. 408, Cause Nos. 499-500 Marion Natural Energy, LLC
HEARING FOR AN ORDER FROM THE COMMISSION ESTABLISHING DRILLING UNITS AND POOLING OF UNLEASED TRACTS AND INTERESTS OF OIL AND GAS OWNERS AND OPERATORS WHO HAVE NOT ENTERED INTO VOLUNTARY AGREEMENTS ALLOWING FOR THE DEVELOPMENT AND OPERATION OF THE UPTON NE UNIT CONSISTING OF 871.05 ACRES, AND THE UPTON NC UNIT CONSISTING OF 837.26 TO BE LOCATED IN PAW PAW, FAIRMONT AND LINCOLN DISTRICTS, MARION COUNTY, WEST VIRGINIA
Date/Time: 07/17/2025 10:00 AM