Peregrine makes additional acquisitions in Marcellus Shale
Monday, November 16, 2020
Peregrine Energy Partners continues to expand its portfolio in the Marcellus Shale, closing on producing royalty properties in multiple counties across the region, according to EIN Presswire.
The company’s most recent acquisitions are located in Greene County, PA and Guernsey County, Ohio, and contain multiple producing wells under EQT and Ascent Resources, respectively.
This marks the second acquisition in Ohio and the tenth acquisition in Pennsylvania this year for the Texas-based buyers.
Learn more: EIN Presswire > Peregrine announces additional acquisitions in the Marcellus Shale
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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.