Pennsylvania among drilling states that may have to meet new air pollution controls
Wednesday, April 6, 2016
In an effort to reduce contributions to ozone levels, the Obama administration is getting ready to release new smog controls that will affect both urban and rural areas, thus impacting the oil and gas industry.
Houston Chronicle reports that drilling areas in several states, including Pennsylvania, Texas and Oklahoma, may have to meet new air pollution controls, such as reducing methane emissions and raising safety standards. If companies don’t comply with the new standards, they will face costly regulations, which may in turn force companies to cut workforce.
According to the source, the U.S. Environmental Protection Agency is working to determine which counties will be placed in violation of the standards.
Read more: Houston Chronicle > Ozone limits creep toward oil and gas fields
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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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.