Already Leased? What are My Options?
Thursday, August 9, 2012
MEADVILLE, Pa. — Natural gas drillers have been producing the fuel from “conventional” gas reservoirs for over 150 years.
New shale gas production techniques have opened much wider areas for exploration, including the Marcellus, Utica, and Upper Devonian shale formations. Many landowners in western Pennsylvania may have their property leased for the purposes of conventional gas production, but may be approached to have their lease amended in order to meet unit size standards or other conditions of unconventional shale gas production. This workshop is intended to help landowners under lease to understand what their options might be if shale gas production is going to occur. It is set for 6:30-9 p.m. Aug. 13 at the Allegheny College Shafer Auditorium, located on 520 N. Main Street, Meadville, Pa. Registration is $15 if registering before Aug. 12; $25 if registering after Aug. 12. You may pay online with any major credit card (Master Card, Visa, Discover or American Express) or you may mail your check, made payable to “PSCE – Crawford.” To register by phone call 877-489-1EXT.Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.