Ohio Shale Gas 'Barons' - Shale Gas Reporter

Sky News, the UK’s first dedicated 24-hour news channel, recently posted a story about shale gas in Ohio.

The writer, Gary Mitchell, visits several farmers in Carroll County, Ohio. One farmer, Keith Burgett, said when he received the windfall for leasing his property to Chesapeake Oil was “like winning the lottery.”

Mitchell continues to describe the economic impact on Ohio’s farmers.

Read it:

“Oil and gas exploration firms have leased parts of farmers’ properties, handing over upfront payments of hundreds of thousands of dollars with the possibility of more in royalty cheques as fuel is pumped out.

Some property owners now expect to rake in millions in royalties as more wells are pumped – but only if the government does not intervene with more regulations.”

Though it’s good news for farmers, many are worried that the government could dampen the industry’s success. Farm Jim Long is worried that President Obama has an agenda to slow down wells with more federal regulations.

Mitchell’s article is a stark reminder that during election season everything becomes politicized.
» Via: Sky News › ‘Lottery Win’ Gas Boom Farmers Fear Obama

2 Comments

September 6, 2013 at 1:05 pm

sonja kristsense says:

still looking for activity in our area is there any ottawa county ohio danbury twp marblehead ohio thank you very good articles on fracking

Reply to sonja kristsense
- September 6, 2013 at 1:24 pm
  
  Will Flannigan says:
  
  Hi Sonja,
  
  I would check the Ohio Department of Natural Resources website: http://oilandgas.ohiodnr.gov/well-information/oil-gas-well-locator
  
  Reply to Will Flannigan

Marcellus & Utica Shale Well Map

Additional Shale Maps

Source Rock Maturation Status Map

Class II Brine Injection Wells of Ohio

Northwest PA- Utica Point Pleasant Potential

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.

View Entire FAQ