Texas company plants to invest $6B in natural gas to fuel plant in Pa.
Friday, November 5, 2021
Houston-based Nacero Inc. plans to build a $6 billion plant to develop fuels from natural gas on the site of a former coal mine in northeastern Pennsylvania, according to Miami Herald.
Officials made the announcement last week, saying the project would bring jobs to the area.
The plant will use natural gas from the Marcellus Shale, which has produced more than any other natural gas reservoir in the country.
“We are going to be making gasoline, which is our largest commodity consumer product, from natural gas and renewable natural gas,” said Thomas Tureen, chairman of the board.
Learn more: Miami Herald > $6 billion natural gas to fuel plant planned in Pennsylvania
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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.