FracTracker lists 1.7 million U.S. wells
Friday, August 7, 2015
In 2014, there were 1.1 million oil and gas wells in the United States. So far this year, data shows that there are nearly 1.7 million recorded wells, but FracTracker Alliance explains that counting strategies contributed to that large difference in numbers.
FracTracker’s website includes a map of wells by state and a chart of wells by state. The map can be zoomed in to see how many wells are located in each county, according to the legend provided.
The nonprofit lists 1,916 wells in Ohio, 136,036 wells in Pennsylvania and 109,747 wells in West Virginia as of Aug. 4.
Via: FracTracker Alliance > 1.7 Million Wells in the U.S. — A 2015 Update
Related:
- Watchdog Group to Expand into Ohio Aug. 21, 2012
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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.