Peregrine acquires more assets in Marcellus Shale
Friday, October 16, 2020
Peregrine Energy Partners is again adding to its portfolio in the Marcellus Shale, acquiring producing royalty properties from multiple private sellers, according to EIN Presswire.
The natural gas acquisitions were made in Tyler County, West Virginia from Antero Resources and Fayette County, Pennsylvania from Chevron. They were both finalized in the first week of October.
Both Antero Resources and Chevron sought to re-deploy the cash proceeds of their sales into other areas of their financial portfolios where they had more control of their assets.
Learn more: EIN Presswire > Peregrine continues royalty acquisitions in PA and WV
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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.