Pipeline will take natural gas south
Friday, September 5, 2014
Natural gas from Ohio, Pennsylvania and West Virginia will make its way south by way of a newly proposed pipeline, according to The Business Journal.
Four energy companies have formed Atlantic Coast Pipeline LLC, a partnership that has decided to expand the shale natural gas market to consumers in Virginia and North Carolina. One of the companies involved in the project, Dominion, will construct and operate the Atlantic Coast Pipeline.
Construction is not expected to begin until after next summer. Currently, the pipeline’s route is not determined.
From The Business Journal:
“Dominion has begun surveying to determine the best route, one that meets operational and reliability needs while minimizing the impact on the environment, the company said.”
Via: The Business Journal > Dominion JV to Build Atlantic Coast Pipeline
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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.
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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.