Oil Well Worker Killed in Drilling Accident
Tuesday, February 26, 2013
According to the Carrollton Free Press Standard, one man was killed and another seriously injured in an accident on a gas and oil drilling rig in Carroll County. The incident happened Monday morning.
One victim was transported to Aultman Hospital by ambulance, where he was later pronounced dead. The other man was transported to Mercy Medical Center.
This is a developing story. Once we have more information, it will be posted.
Update: Media reports said the rig is owned by R.E. Gas Development.
» Via: The Carrollton Free Press Standard › Oil well worker killed in accident
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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.