17 shale drilling permits issued in Ohio, Pa., W. Va. during week ended Aug. 14
Tuesday, August 23, 2022
Seventeen new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia during the week ended Aug. 14, according to Marcellus Drilling News.
Pennsylvania issued seven new permits from Aug. 8-14. EQT received two permits to drill in Greene County. Chesapeake Energy also received two permits to drill in Sullivan County.
Ohio issued five new drilling permits. Encino Energy received four of those to drill wells in Harrison County.
West Virginia issued five new drilling permits to Jay-Bee Oil & Gas to drill in Tyler County.
Learn more: Marcellus Drilling News > 17 New Shale Well Permits Issued for PA-OH-WV Aug 8-14
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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.