Former Chesapeake CEO Back in Ohio’s shale
Tuesday, August 20, 2013
Aubrey McClendon, the former chairman and CEO of Chesapeake Energy Co., has put his attention back on Ohio’s Utica shale, according to the Columbus Dispatch.
After stepping down as Chesapeake’s CEO early this year, McClendon launched a new venture: American Energy Partners.
According to the company’s website, American Energy Partners, “Represents a creative new approach for a rapidly changing industry. We’re built to be opportunistic and bold.”
So what’s the card in McClendon’s hand? Getting back into the Utica shale. Guernsey, Belmont, Harrison and Noble counties are all on AEP’s radar.
Upstream newspaper, a trade publication, broke the story on August 16.
» Via: The Columbus Dispatch› MCClendon back in Ohio shale with his new company
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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.