Hilcorp Energy Co. solidifies position in Utica shale
Thursday, July 13, 2017
As oil and gas exploration in the northern Utica shale play recovers, Hilcorp Energy Co. strengthens its position, according to The Youngstown Business Journal.
Over the last year, Hilcorp has improved its position in the northern Utica through new lease acquisitions, amendments to and renewals of existing leases, and the construction of new well pads.
The company has secured 16 new permits for horizontal wells in Fairfield and Elk Run townships in Columbiana County since November.
Learn more: The Youngstown Business Journal > Hilcorp Solidifies Position in Northern Utica
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How often do royalty payments come?
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.