Oil and gas workers thriving in Pennsylvania
Thursday, May 31, 2018
The median workers at Pennsylvania’s top oil and gas companies are doing quite well financially, according to the Pittsburgh Post-Gazette.
The median annual compensation for workers is $129,390 at CNX Resources; $123,500 at Range Resources; $118,761 at Chesapeake Energy; $108,458 at Southwestern Energy; $102,470 at EQT Corp.; and $75,891 at Cabot Oil & Gas.
With about 8,500 employees among them, these Marcellus Shale operators are at the top of the food chain — meaning there are layers of contractors who drill their wells, haul their materials, treat their frack water and pave their access roads that aren’t represented in this data.
Learn more: Pittsburgh Post-Gazette > Where are those good paying energy jobs? Right here.
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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.