Tri-County Oil and Gas Expo is an Opportunity for Local Businesses
Wednesday, August 22, 2012
UNIONTOWN, Pa. — Local businesses have an opportunity to learn how they can benefit from the positive impact of Marcellus Shale by attending the Tri-County Oil & Gas expo Sept. 7-8 at Penn State Fayette, The Eberly Campus.
Seminar Day is Sept. 7 and will include a number of discussion panels with industry experts on topics beneficial to those interested in the Marcellus Shale industry.Seminars
Seizing the Opportunity: Tools to Educate Your Business, Thinking Outside the Box, Navigating PA Regulations and Perspectives on Health and Safety in the Natural Gas Industry are seminars that will feature OSHA representatives, local emergency management officials and more.
The cost to attend seminar day is $20. Lunch will be provided. The Business-to-Business Trade Show Sept. 8 will provide direct access to companies in the gas development industry. This two-day event is designed to help area businesses learn how they can be a part of this new Fayette County industry.Contact information
To get more information about the expo as a participant or an exhibitor, visit www.tricountyoilandgas.com. Inquiries can also be made by contacting the local coordinators: Fayette County Chamber of Commerce at 724-437-4571 or Fay-Penn Economic Development Council at 724-437-7913.
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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.