State leaders team up at Tri-State Shale Summit
Wednesday, October 14, 2015
West Virginia Governor Earl Ray Tomblin and Lieutenant Governor of Ohio Mary Taylor spoke at the Tri-State Shale Summit in Morgantown, West Virginia. Pennsylvania Governor Tom Wolf spoke remotely via video.
Related: 2015 Tri-State Shale Summit (Video)
The Tri-State Shale Summit was held Oct. 12-13 in Morgantown, West Virginia.
StateImpact Pennsylvania reports that the Marcellus and Utica shale states — Pennsylvania, West Virginia and Ohio — are going to work together to develop the region for shale manufacturing.
At the event, the three states announced a three-year cooperation agreement. This agreement will include support for railroads, pipelines and roadways used to ship natural gas and other products as well as research, emergency response and education.
Via: StateImpact Pennsylvania > PA, WV, OH team up on shale gas related manufacturing and chemical development
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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.