Peregrine acquires royalty properties in Pennsylvania
Friday, January 18, 2019
Peregrine Energy Partners will acquire both producing and non-producing oil and gas royalties in Greene County, Pennsylvania from an undisclosed seller, according to EIN Presswire.
The acquisition is located in an area near EQT’s core natural gas production. The properties feature Tier 1 acreage and the company hopes to put itself in line for future development, much like EQT.
Over the last three years, Peregrine has been active in the Marcellus Shale because of it large natural gas deposit.
Learn more: EIN Presswire > Peregrine Energy Partners Acquires Royalty Properties in Greene County, PA
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What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.