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Study group for N.C. Mining and Energy Commission to meet Friday in Sanford
Story Date: 1/11/2013
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Source: NCDENR, 1/10/13
A study group of the North Carolina Mining and Energy Commission will meet at 9 a.m. Friday in Sanford.
The Compulsory Pooling Study Group will meet from 9 a.m.-noon tomorrow at the McSwain Agricultural Center, 2420 Tramway Road, Sanford.
The study group will be exploring the issues surrounding compulsory pooling, which refers to joining leased and unleased tracts of land so there is sufficient acreage to form a drilling unit for natural gas extraction.
The study group on Friday will host presentations on other state’s pooling laws and the lifecycle of a mineral rights lease.
The group is compiling its study of compulsory pooling on behalf of the state Mining and Energy Commission, which will report its findings and recommendations, including legislative proposals, to the General Assembly by Oct. 1, 2013.
The state Mining and Energy Commission is developing a modern regulatory program to manage oil and gas exploration and development activities in North Carolina, including the use of horizontal drilling and hydraulic fracturing.
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