Groups respond differently to recent Utica Shale research
Monday, July 20, 2015
Recently released research claiming that the amount of potentially recoverable natural and gas and oil from the Utica Shale has been met with varying reactions.
WV Public Broadcasting reports that Consumer Energy Alliance, a group that advocates for energy consumers, took the research to be positive, especially for the Appalachian areas that could benefit from shale development. On the opposing side, West Virginia Sierra Club is concerned about how shale development will contribute to climate change. There is also a concern about fracking’s regulations.
The research estimated that about 782 trillion cubic feet of natural gas and about 2 billion barrels of oil could be recovered from the Utica Shale.
Via: WV Public Broadcasting > Reaction to Utica Shale Study Mixed
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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.