North Carolina shale gas drilling on hold while prices are low
Friday, February 5, 2016
Shale drilling in North Carolina and off the state’s coast isn’t likely for the time being because of low natural gas prices.
Charlotte Business Journal reports that at the recent Leadership North Carolina Forum, industry experts said that North Carolina’s Deep River shale field — which, in comparison to the Marcellus and Utica shale plays, is smaller — could have potential, just not while prices are low.
Other energy industries in the state, like renewable solar energy, are predicted to develop. In addition, North Carolina could benefit from the Atlantic Coast Pipeline, which will open up new markets for shale gas in Virginia and North Carolina.
Via: Charlotte Business Journal > Experts Don’t look for gas rigs — on-shore or off — in N.C. anytime soon
More about the Atlantic Coast Pipeline:
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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.