This morning’s edition of the Greensboro News & Record has a fine editorial (“Whose property is it, anyway?”) that takes down one of the most pernicious aspects of fracking that was unaddressed by the state’s new law allowing the controversial energy drilling procedure: “forced pooling”:
“Forced pooling began with good intentions. It was meant to limit the number of wells and make sure that landowners weren’t denied payment for oil and gas lying below their property. Unfortunately, the practice can be turned against them.
Natural gas may lie below many properties. Owners can pool their interests to command a good price and limit how many wells are drilled. But, if a few owners won’t go along, they could block some of their neighbors from the pool or force the drilling of additional wells, raising costs. Laws in many states can compel them to join, awarding them a fair share of the proceeds and in some cases assigning them a portion of the costs.”
The editorial explains that Virginia just defeated a bill that would have allowed the practice there and and urges support for legislation by Rep. Bryan Holloway that would ban forced pooling in North Carolina too. One would think that such a measure — which Holloway rightfully defends as being about property rights — would be a no-brainer for conservatives, but it’s funny how sweet-talking by big energy companies has a way of trumping ideology for those on the right.
An informal poll on the N&R website yesterday found that readers opposed forced polling by a ratio of about 15 to 1. We’ll see who state legislators are listening to in the coming weeks: average people and landowners or fat cat energy lobbyists. Stay tuned.