Ohio’s economy stands to gain from fracking
Monday, June 11, 2012
Brian Louis at Bloomberg wrote a great, big-picture article, about the economy of the Midwest and what it stands to gain from the oil and gas boom.
None of what Louis says is breaking news, but he gives a complete overview of Ohio’s economic state and what’s, potentially, in store for the future.
Here’s an excerpt:
Energy production in the state may add $4.9 billion to Ohio’s economy in 2014, according to a study by researchers from Cleveland State University, Ohio State University and Marietta College. The study was sponsored by the Ohio Shale Coalition, a group of businesses and chambers of commerce that support energy industry growth in the state.
» Via: Business Week.
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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.