Kalnin Ventures LLC acquires Marcellus shale assets
Monday, March 27, 2017
Kalnin Ventures LLC invested in its third set of Marcellus Shale assets in Pennsylvania, reaching a purchase and sale agreement with Radler 2000 LP-Tug Hill Marcellus LLC.
According to the Pittsburgh Business Times, Kalnin Ventures LLC acquired 177 wells operated by seven separate companies for $16 million. The new assets are located in Bradford, Sullivan, Susquehanna, Lycoming, Tioga and Wyoming counties.
Kalnin is backed in the deal by Banpu Pcl, a coal mining and power generation company based in Thailand.
Learn more: Pittsburgh Business Times > Denver firm acquires Marcellus Shale wells
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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.
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.