Mahoning County gains rights to Utica Shale deposits
Tuesday, July 9, 2019
Under a new lease agreement with Ohio Valley Energy, Mahoning County will now have rights to any Utica Shale deposits underneath county-owned land in Canfield, according to The Youngstown Vindicator.
The original lease agreement for the county land, signed in 1984, will expire this month. The new agreement with Ohio Valley Energy extends the lease another 15 years and offers the county rights to any minerals below and a 15% royalty payment from each sale of oil and gas the company produces there.
The 270 acres of county-owned land includes five shallow Clinton sandstone wells along Columbiana-Canfield Road, just west of the Canfield Fairgrounds. The land is also leased by Mill Creek MetroParks for the Mahoning County Experimental Farm.
Learn more: The Youngstown Vindicator > Mahoning County has rights to shale deposits
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Shale FAQ
What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.