CPPIB forms joint venture in Marcellus, Utica shales with Williams
Monday, March 25, 2019
The Canada Pension Plan Investment Board is forming a $3.8 billion joint venture with U.S. energy firm Williams Cos Inc, according to NASDAQ. The new entity will hold pipeline assets in the Marcellus and Utica shale plays.
CPPIB, Canada’s largest pension fund, will invest about $1.34 billion for a 35 percent stake in the venture, while Williams will hold the remained and operate the joint venture.
The companies said on Monday that the venture includes Williams’ Ohio Valley Midstream system in the Marcellus shale basin and the Utica East Ohio Midstream system.
Learn more: NASDAQ > CPPIB, Williams to form $3.8 bin Marcellus-Utica shale gas venture
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.