Updated geologic maps of Marcellus Shale show more detail of shale formation
Saturday, April 4, 2015
The Energy Information Administration has updated its maps of the Marcellus Shale formation, as reported by PennEnergy.
The updated maps show the formation’s structure, thickness and the play’s extent. Structure and thickness maps are needed to determine where hydrocarbon extraction is economical. Well data is used to create the maps.
The Marcellus Shale is currently producing in Pennsylvania, Ohio, West Virginia and New York, although drilling has been suspended and more recently banned in New York.
Via: PennEnergy > Updated geologic maps provide greater detail for Marcellus formation
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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.