MWCD Considers More Water Sales to Drillers
Thursday, April 18, 2013
The Muskingum Watershed Conservancy District will consider selling more water to oil and gas drillers in Ohio, according to the Zanesville Times Recorder.
On Friday, the district’s board is set to discuss proposals to sell water from the reservoirs to energy companies. What’s important, however, is one proposal sets no limit to the amount of water that can be withdrawn, another proposal sets a 2 million gallons per day limit.
Previous dealings
The Muskingum Watershed Conservancy District has had many dealings with shale gas and oil companies previous to the current proposals:
- Muskingum Watershed Conservancy District Receives $6,200 an Acre
- The Muskingum Watershed Conservancy District says No Shale Wells
The water will be used by drilling companies to fracture underground deposits of shale, releasing gas and oil in the process. The water is mixed with sand and chemicals then pumped at high pressures into shale rock formations.
It takes approximately 4 million gallons of water to frack one well.
» Via: Zanesville Times Recorder › Muskingum Watershed Conservancy District to consider more ‘frack‘ water sales
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
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.