Researchers find cost-effective method to unearth shale gas
Monday, September 9, 2019
Penn State researchers have developed a new method for exploring natural gas in the Marcellus Shale, and it shows potential high yield areas can be found more easily and with lower costs, according to Penn State News.
Natural gas hot spots are traditionally determined using a combination of current production data and various geological tests. Penn State’s recent research, published in the SPE Reservoir Evaluation & Engineering Journal, details a method for approximating available gas in untapped areas using well production data taken from existing wells.
Over the entire region of the Marcellus Shale, wells with more than two years of production logs were assigned a decline curve analysis. That allowed researchers to forecast the amount of gas that would be generated over time if a new well were created. Findings were then validated using geological maps, which were created from core samples.
Learn more: Penn State News > Researchers unearth cost-effective method for finding shale gas
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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.