Chesapeake Energy Names New CEO
Tuesday, May 21, 2013
Chesapeake Energy named Robert Lawler its new chief executive officer Monday. The company is looking to move beyond the tumultuous reign of former CEO, Aubrey McClendon.
Lalwer is currently serving as a senior vice president for Anadarko Petroleum. He will formally become the Chesapeake CEO on June 17, taking the role from the Interim CEO, Steven Dixon.
Chesapeake Energy remains the most active natural gas and oil driller in Ohio’s Utica, with 249 drilled wells, 66 of them producing.
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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.