Rice Energy’s ‘Bigfoot’ records high production numbers

Rice Energy’s ‘Bigfoot’ records high production numbers

Thursday, November 20, 2014 by Katie Woods

The Intelligencer & Wheeling News-Register reports that Belmont County, Ohio’s “Bigfoot” natural gas well is producing impressive results.

The well, owned by Rice Energy, produced two million cubic feet of natural gas over a five month period, worth $8 million. For mineral rights owners who receive 20 percent of royalties, that’s $1.6 million.

Rice Energy has leased thousands of acres of land in Belmont County and is also drilling other wells near the “Bigfoot” well in the Utica Shale.

Via: The Intelligencer & Wheeling News-Register > Gas Well Is a Monster

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Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.

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