16 shale drilling permits issued in Ohio, Pa., W. Va. during week ended Oct. 16
Wednesday, October 26, 2022
Sixteen new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia from Oct. 10 through Oct. 16, according to Marcellus Drilling News.
Pennsylvania issued eight new permits during the week ended Oct. 16 for drilling in the northeastern region of the state. BKV Operating received four permits to drill in Wyoming County, Chesapeake received two permits to drill in Bradford County and Beech Resources received two permits to drill in Lycoming County.
Ohio issued four new permits. Encino Energy claimed all four for drilling in Harrison County.
West Virginia issued four new drilling permits from Oct. 10 through Oct. 16. Tug Hill claimed three permits and Southwestern Energy received one to drill in Marshall County.
Learn more: Marcellus Drilling News > 16 New Shale Well Permits Issued for PA-OH-WV Oct 10-16
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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.