Found a newsflash.
Use this link:
http://www.shaleohio.com/details.aspx?id=1329
Regarding HB 493: the 750 foot setback and 1280 drilling unit size to me translates as landowner punitive.
My opinions have not changed since I first read about this Bill.
More and more hurdles and delays.
500' has been good enough of an industry standard since the beginning - why change it now on the cusp of recovery.
1280 acres ? Its tough enough with 640 considering 1) existing wells HBP and 2) that they've developed (down south) at least (2) two (that I've read about) sweet wells with much less - they were single lateral wells that used the 500' setback (from property lines) and under 140 acres (unitized).
It took since March for the Committee to even begin discussions. Let's hope the industry isn't waiting for new laws before continuing with development. That could take forever !
They need to stop sitting on their hands and getting to work on developing more wells and infrastructure - stop wasting time !