Eight permits issued for drillers in Utica/Point Pleasant shale
Monday, September 2, 2019
During the week ended Aug. 24, the Ohio Department of Natural Resources issued eight permits for horizontal well drilling in the Utica/Point Pleasant shale play, according to The Youngstown Business Journal.
Ascent Resources received the most permits with four in Jefferson County. EAP Ohio ::C received three permits for wells in Harrison County. XTO Energy LLC received on permit to drill in Belmont County.
At this time, the ODNR reported 16 rigs in operation across the state.
Learn more: The Youngstown Business Journal > Eight Permits Issued for Utica/Point Pleasant Shale
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.