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Muskingum Watershed Conservancy District sees drop in royalty payments

Tuesday, August 25, 2015 by

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Muskingum Watershed Conservancy District, which serves 18 counties and more than 2 million residents, isn’t making as much money from its Utica Shale wells as it once did.

The Repository reports that MWCD expects to receive $7 million in royalties this year, but by June only $2.6 million had been collected. Last year, royalty payments totalled $11.2 million. With the falling prices of oil and natural gas, royalty payments have decreased with slowed production.

A large number of property owners in the district annually pay a $6 assessment, which is used for controlling flooding and improving water quality. The assessment fee was $12 annually before royalty payments began, and even though they have slowed, the assessment fee will remain at $6 per year.

Via: The Repository > Oil, gas prices put squeeze on MWCD

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Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914. Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.

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