Southwestern Energy acquires deal from WPX
Monday, December 8, 2014
Southwestern Energy Co. has made another deal in the Marcellus Shale, according to Pittsburgh Post-Gazette PowerSource.
When WPX Energy decided to leave its stakes in northeastern Pennsylvania, Southwestern bought WPX’s assets for $300 million. The deal included 46,700 acres, 63 wells and firm capacity on the Millenium Pipeline.
Recently, Southwestern agreed to buy $5.38 billion of Marcellus and Utica properties from Chesapeake Energy Corp.
Via: Pittsburgh Post-Gazette PowerSource > WPX to sell $300M in Marcellus assets to Southwestern
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
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.