Olympus energy completes record-breaking natural gas well in Marcellus Shale
Monday, December 28, 2020
Olympus Energy recently completed its Midas 6M well in Plum Borough with a record lateral length for the Marcellus Shale, according to WXPI.
The company completed the Midas 6M with a record-breaking lateral stretching 20,060 feet. The almost 4-mile lateral is a record in the Marcellus among completed and producing wells.
Olympus Energy is the 10th-largest natural gas producer in southwestern Pennsylvania.
Learn more: WPXI > Olmpus Energy completes record-breaking natural gas well
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
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.