Mid-year review shows Guernsey County in the lead for shale
Saturday, July 5, 2014
The mid-year report for gas and oil companies shows that in Ohio, Guernsey County is a hot pick for gas and oil companies. Ohio Gas & Oil reports that 13 companies have received permits for drilling, are drilling or have already drilled in the southeastern Ohio county.
Chesapeake Energy out of Oklahoma City, Okla. comes out in the lead for the number of counties where they have Utica shale operations. Nine counties currently see Chesapeake activity, noting up to 201 producing wells in Carroll County alone.
Antero Resources Corporation is the current front-runner for Marcellus shale, with activity in Monroe County and Noble County. In addition, Antero boasts the biggest-producing well, aptly named The Monster.
A total of 31 gas and oil companies have taken an interest in eastern Ohio’s Marcellus and Utica shales.
Via: Ohio Gas & Oil > Mid-year evaluation for gas and oil industry
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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.