Peregrine Energy Partners acquires additional royalties in W. Va.
Friday, September 4, 2020
Peregrine Energy Partners recently acquired additional producing royalties in Doddridge County, West Virginia from several private sellers, according to EIN Presswire.
The company finalized the acquisition of royalties in 17 producing natural gas wells across three units under Antero Resources and Jay-Bee Oil and Gas.
“We will continue to look for properties with a similar profile in the Marcellus; a diversified well count generating consistent cashflows with single digit decline rates under a well-capitalized, pure-play operator,” said Josh Prier, Peregrine Managing Director.
Learn more: EIN Presswire > Peregrine acquires additional royalties in Doddridge County
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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.