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James Lydon of the Wirt County Oil and Gas Group announces that the third meeting of the group will be held at Wirt County High School Auditorium on December 8, 2012 at 9:00 a.m.
The purpose of the meeting will be to distribute and discuss the proposed lease. The lease has been developed by a committee of members and reviewed by attorney Tom Whittier. The lease meets our goal of being fair to the oil and gas owner, the land owner and the company that will produce the wells.
Lydon has stated that the group now has 50,000 acres signed-up to be leased and with the possibility of several thousand more. Acreage in Wirt, Wood, Ritchie, Calhoun, Roane and Jackson Counties has been committed.
The goal is to develop large blocks of acreage that will be attractive to drilling companies that are developing the Marcellus Shale formation. All oil, gas and mineral owners are invited to join the group and work toward acquire the best price and best company or companies to produce our oil, gas and hydrocarbons.
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