ShaleTrak Co-founder testifies before the US House of Representatives Natural Resources Committee

ShaleTrak Co-founder Davis Powell testified before the US House Natural Resources Committee in Washington DC advocating for royalty owners’ rights. Click the link below to read an article from the Oil & Gas Journal summarizing the issue:

http://www.ogj.com/articles/2014/05/fws-producers-split-on-proposed-changes-in-wildlife-refuge-rules.html

“Royalty owners also have concerns, another witness testified. J. Davis Powell, a board member of the National Association of Royalty Owners’ Louisiana Chapter, said that if FWS pursues its proposal, the agency should recognize the rights of the mineral estate are dominant over those of the surface estate; allow economic and profitable access to, and development of, the mineral estate; balance environmental concerns with the economic development of oil and gas minerals; and not try to regulate surface activity on nonfederal land adjacent to refuges.”