Pa. gas drilling down, but production reaches record high
Wednesday, September 23, 2020
While the number of new wells drilled in Pennsylvania declined in 2019, more natural gas gas fracked within the state last year than any previous year, according to the Pennsylvania Department of Environmental Protection.
According to the DEP’s 2019 Oil and Gas Annual Report, last year’s production totaled 6.8 trillion cubic feet of natural gas from the Marcellus and Utica shale plays. The total topped 6.2 trillion cubic feet in 2018 and continued the upward trend that’s held steady for over a decade.
In 2019, the DEP issued 1,705 drilling permits, compared to 2,149 in 2018. Additionally, only 787 wells were drilled in 2019.
Learn more: Pittsburgh Post-Gazette > In Pennsylvania, gas drilling is down, but production higher than it has ever been
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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.