Administrative Code

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Virginia Administrative Code
Title 4. Conservation And Natural Resources
Agency 25. Department of Energy
Chapter 160. Virginia Gas and Oil Board Regulations

4VAC25-160-90. Standards for escrow accounts.

Payment of funds into escrow accounts shall be made in accordance with the standards established in each order of the board requiring such payment. In addition, the unit operator of a drilling unit subject to a voluntary pooling agreement may petition the board under 4VAC25-160-140 of this chapter for an order authorizing the escrow of funds subject to conflicting claims in accordance with board standards or regulations regarding escrow of such funds in units subject to a compulsory pooling order.

Statutory Authority

§ 45.1-361.15 of the Code of Virginia.

Historical Notes

Derived from VR480-05-22.2 § 9, eff. October 23, 1991.

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