WV HB3401

Requires mineral lease memorandums recorded in West Virginia to identify and list all potential surface encumbrances overlying the leased minerals, including pipelines, well pads, storage pads, equipment, fixtures, fluid impoundments, and access roads

If no surface encumbrances currently exist on the property, the memorandum must explicitly state that no such encumbrances exist

Amends §40-1-8 of the West Virginia Code regarding recorded contracts between creditors and purchasers

The memorandum serves as public notice only of the information specifically contained within it

Aims to provide recorded notice to inform parties about existing or potential surface development related to mineral extraction activities