Ridgetop Capital to invest in Marcellus, Utica Shale
Wednesday, September 20, 2017
Focused on the oil and natural gas sector in the Appalachian Basin, Ridgetop Capital Partners has closed on another round of fundraising and is eying mineral rights in the Marcellus and Utica Shale plays, according to Marcellus Drilling News.
The company raised $200 million to invest in natural gas leases in the Marcellus and Utica Shale plays. It previously invested $130 million in the region’s shale, claiming ownership in over 30,000 acres.
Ridgetop Capital Partners is a private institutional investment firm headquartered in Pittsburgh.
Learn more: Marcellus Drilling News > Ridgetop Capital raises $200M to invest in Marcellus/Utica leases
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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.