34 shale drilling permits issued in Ohio, Pa., W. Va. during week ended April 10
Thursday, April 14, 2022
Thirty-four new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia during the week ended April 10, according to Marcellus Drilling News.
Pennsylvania issued 15 new permits. Repsol received five on a single well pad. Range Resources and Seneca Energy each received four new drilling permits.
West Virginia issued 14 permits. Antero Resources received six permits. Southwestern Energy and HG Energy each received four permits.
Ohio issued five permits to Ascent Resources.
Learn more: Marcellus Drilling News > 34 New Shale Well Permits Issued for PA-OH-Wv Apr 4-10
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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.