20 shale drilling permits issued in Ohio, Pa., W. Va. during week ended June 5
Monday, June 13, 2022
Twenty new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia during the week ended June 5, according to Marcellus Drilling News.
Pennsylvania issued 13 new permits. Range Resources, Olympus Energy and Pennsylvania General Energy each received three drilling permits.
Ohio issued six new drilling permits during the same time period. Collectively, Ascent Resources and Encino Energy accounted for five of those permits.
West Virginia issued one new drilling permit to Antero Resources.
Learn more: Marcellus Drilling News > 20 New Shale Well Permits Issued for PA-OH-WV May 30-Jun 5
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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.