Transmission line installed at New Springfield processing plant
Tuesday, November 4, 2014
A transmission line that will serve the Pennant Midstream natural gas processing plant has been completed, as reported by The Business Journal.
The 3.5 mile, 138-kilovolt line connects with an existing transformer at the New Springfield processing plant, which uses electricity to separate natural gas into liquid and dry compounds. This addition to the plant will allow for expansion in the future as the shale industry grows in the area.
From The Business Journal:
“The project included installing 81 new wooden poles and one steel pole in 3½ miles of new right-of-way to a substation at the Pennant Midstream plant.”
Via: The Business Journal > FirstEnergy installs transmission line to Pennant
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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.