New research shows Utica may have greater potential than previously thought
Friday, July 17, 2015
Recently released research claims that as much as 782 trillion cubic feet of natural gas and almost 2 billion barrels of oil could be recovered from the Utica Shale, according to Pittsburgh Post-Gazette PowerSource.
This research included statistics that were higher than research conducted by the U.S. Geological Survey as well as research from last year. The research from last year estimated potentially recoverable natural gas at 188.6 trillion cubic feet and oil at 830 million barrels.
The research partnership, which included oil and gas companies, the U.S. Geological Survey, universities, a consulting company and the National Energy Technology Laboratory, a is part of the U.S. Department of Energy, was organized by West Virginia University.
Via: Pittsburgh Post-Gazette PowerSource > New study shows greater potential for Utica Shale
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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.