Shell chooses to explore other areas of Utica and Marcellus
Thursday, August 21, 2014
According to The Pittsburgh Tribune-Review, Royal Dutch Shell is shifting its interests on northern Pennsylvania’s Utica and Marcellus shale plays.
The company has sold gas assets in Wyoming, Louisiana, eastern Ohio and western Pennsylvania. The total value of this shale acreage is $2.1 billion. Shell remains interested in the Marcellus and Utica shale, but seeks areas that are more abundant.
From The Pittsburgh Tribune-Review:
“Shell and other major oil and gas explorers regularly sell rights to fields where production is flat or declining. They then use that cash to fund exploration programs designed to discover new or more prolific fields that oil giants need to fuel growth.”
Via: The Pittsburgh Tribune-Review > Shell acquires Pa. shale gas rights as part of $2.1 billion deal
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How often do royalty payments come?
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.