Alta Resources adds to its portfolio in Marcellus Shale
Wednesday, January 18, 2017
Alta Resources recently purchased 14.3 percent interest in a Marcellus Shale project in Pennsylvania from Mitsui E&P USA for $207 million, according to Kallanish Energy.
Mitsui’s share of daily production before the sale was roughly 300 million cubic feet per day or about 50,000 barrels of oil-equivalent per day.
The sale makes up about 20 percent — 70 million cubic feet per day — of Mitsui E&P USA’s total production in toe Marcellus Shale.
Mitsui is partnered with Anadarko in Pennsylvania’s Lycoming, Clinton and Centre counties, while Alta recently acquired Anadarko’s Marcellus assets in Pennsylvania for $1.24 billion.
Learn more: Kallanish Energy > Alta Resources acquires more acreage in Pa.’s Marcells
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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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.
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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.