Permitting numbers down in Pa., Ohio and W. Va. from May 17-23
Monday, May 31, 2021
Although permits were issued in Pennsylvania, Ohio and West Virginia during the week of May 17-23, permitting numbers were down, according to Marcellus Drilling News.
Pennsylvania issued eight permits — six in the northwestern parts of the state and two in the southwestern region.
Ohio issued four permits all for the same driller on the same well pad in Carroll County.
West Virginia issued one permit in Harrison County.
Learn more: Marcellus Drilling News > Weekly Shale Drilling Permits for PA, OH, WV: May 17-23
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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.