SEPTEMBER 15, 2016
LAWRENCE COUNTY NATURAL GAS IS IN CENTER OF WORLD’S LARGEST NATURAL GAS DEVELOPMENT PLANS; $50 MILLION ALREADY INVESTED
Future of Oil & Gas Development in Kentucky, West Virginia, and Ohio On Top of Appalachia’s World Class Shale Deposit Will Be Primary Focus of Industry Leaders
Wild and Wonderful Shales From Bluegrass to Buckeye!
WHITE SULPHUR SPRINGS, WV – Mineral and Royalty Owners, as well as industry professionals will gather October 30-November 1, 2016 at The Greenbrier Hotel in White Sulphur Springs to hear industry leaders and government representatives address development of one of the world’s largest natural gas deposits in fueling the nation’s energy needs.
In Lawrence County Cimarex Energy is developing a deep Rogersville well just South of Louisa, their second in Lawrence Co. and will be exhibiting at the conference. They were the overall 2015 Sponsor.
NARO spokesperson Dick Wilson said today that Lawrence County will benefit from severance taxes and jobs, although not as many as the coal industry provided. Mineral owners of course will be the biggest winners. Much of the mineral rights have already been purchased.
“The site work should almost be complete and the drilling rig should be on location in a couple of weeks,” Wilson said. “There have been several wells already drilled in Lawrence Co. and one in Johnson Co. at an estimated cost in the range of $50 million.”
“A Rogersville well in your area would cost more than $10 million to drill,” Wilson said. He said the gas deposits are about 8,500 ft. down in the 12 county area area included in the conference compared to most other gas pockets these days which are 12,000 to 15,000 ft. down.
At its sixth annual meeting of the Appalachia Chapter of the National Association of Royalty Owners (NARO) will feature expert presentations about issues of critical interest to royalty owners from Ohio, West Virginia, Kentucky, and surrounding states from drilling to estate planning to understanding royalty payments during its Monday, October 31, session, to attracting new natural gas users, ethane cracker plants, new pipelines, dispute resolution, and property tax appraisals at its Tuesday, November 1, session.
Special guest speakers will be WV U.S. Congressman Evan Jenkins and Ohio U.S. Congressman Bill Johnson who will offer their perspectives on the importance of continuing aggressive oil and gas development in America. NARO Appalachia is especially excited that national oil & gas development advocate Alex Epstein will be the conference keynote speaker on his book, “The Moral Case for Fossil Fuels”.
Bob Hart, NARO Appalachia Chapter President, reports that ample time for networking, Q & A, and visiting with friends and other royalty owners has been scheduled throughout the two day conference, including a provided banquet on Monday evening. NARO non-members are welcome to attend this event. Registration is located at www.naro-us.org/events. You can also call 800-558-0557 for information.
Lawrence County Attorney Mike Hogan said he will be attending the conferance to find out how the development will impact Lawrence County.
