Williams, Coterra and Dominion team up to deliver certified natural gas
Thursday, December 15, 2022
Williams has reached agreements with Coterra Energy Inc. and Dominion Energy Inc. to deliver certified natural gas from Pennsylvania’s shale fields to Dominion’s Virginia company through 2023, according to Natural Gas Intelligence.
Coterra Energy will produce natural gas from its wellheads that will travel through Williams gathering and transmission operations to Dominion Energy Virginia.
Over the project’s one-year lifespan, it’s expected to avoid an estimated 120,000 tons of carbon dioxide equivalent when compared to the national average methane emissions for the production, gathering and transmission segments, according to Williams.
The low-carbon natural gas will help supply electricity and natural gas to about seven million customers in 15 states.
Learn more: Natural Gas Intelligence > Williams, Coterra and Dominion Joining Forces to Procure Certified Natural Gas
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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.