Another Utica Processing Facility in the Works
Monday, May 13, 2013
According to the Business Journal, Dallas-based Crosstex Energy, plans to invest $25 million to build the company’s third natural gas compression facility in the Ohio River Valley.
The company has already committed to invest $50 million for the construction of similar facilities in Noble and Monroe counties.
Each facility is supported by a long-term contract with Antero Resources, an exploration and production company.
» Via: The Business Journal › Crosstex Energy Plans 3rd Utica Processing Plant
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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.