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Companies Bid Millions to Drill Under State Lands in W.Va.

Morgantown Industrial Park
Northeast Natural Energy

Companies have bid millions of dollars to drill for oil and natural gas beneath several state-owned lands in West Virginia.

On Friday, the state Department of Commerce opened bids for Marcellus shale fracking under several tracts of land.

Antero ResourceFish s bid about $8,100 per acre, or $2.3 million total, for mineral rights under Jug Wildlife Management Area in Tyler County. Jay-Bee Production Company bid between $5,000 and about $16,300 per acre for different parts of the same land.

Noble Energy bid about $5,100 per acre, or $685,000 total, to drill under Fish Creek and adjacent land in Marshall County.

StatOil USA Onshore Properties Inc. bid $9,000 per acre to drill under part of the Ohio River in Wetzel County.

The state requires an additional 20 percent royalty on what's extracted.

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