Wheeling potential site for firms associated with ethane cracker
Friday, September 22, 2017
Positioned about 13 miles north of the proposed PTT Global Chemical ethane cracker plant in eastern Ohio, Wheeling, West Virginia, could become a corporate headquarters for companies that may follow the development of the plant, according to The Intelligencer.
Wheeling has a few former industrial areas that could be repurposed for new business associated with the ethane cracker. Mayor Glenn Elliott said having “a lot of office space” downtown gives the city a solid chance to attract interest from companies in the shale business. The former Wheeling-Pittsburgh Steel Corp. headquarters on Market Street, is one possibility.
Additionally, Wheeling could also serve as a place of residence for workers involved with the development.
Learn more: The Intelligencer > Belmont County ethane cracker is ‘net positive’ for Ohio Valley
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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.
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