West Virginia claims foothold in US natural gas industry
Tuesday, October 1, 2019
Over the last decade, West Virginia has become the seventh-largest natural gas producer in the United States, according to Rigzone.
Natural gas production in West Virginia has reached a record every year for the last 10 years, reaching 1.8 Tcf in 2018. The state now accounts for 5-6% of total U.S. output, with a foothold in both the Marcellus and Utica shale plays.
Additionally, West Virginia a key supplier to surrounding areas during the winter months when usage peaks 40-60 percent.
Learn more: Rigzone > West Virginia emerging as a natural gas powerhouse
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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.