Mountain Valley Pipeline LLC asks for FERC review
Sunday, November 2, 2014
The Roanoke Times reports that Mountain Valley Pipeline LLC has filed for a review from the Federal Energy Regulatory Commission (FERC) to begin the pre-filing process for its pipeline project.
The proposed 300-mile interstate pipeline will start in northwestern West Virginia and end in southeastern Virginia. It will transport natural gas from the Marcellus and Utica shales in Ohio, Pennsylvania and West Virginia.
If approved, pipeline construction won’t start until 2017, but the pipeline has already been controversial.
From The Roanoke Times:
“As of Tuesday, comments filed included three letters expressing opposition to the pipeline. The authors live in Giles County, Blacksburg and Roanoke County. They cited a host of concerns, ranging from groundwater contamination and other environmental damage to fears about pipeline safety hazards and impact on property values.”
Via: The Roanoke Times > Pipeline company moves to initiate federal review of proposal
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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.