Columbiana County gets a big paycheck

Columbiana County gets a big paycheck

Monday, June 25, 2012 by Will Flannigan

According to The Business Journal, Columbiana County approved a mineral rights lease last week for $3.2 million.

Here’s an excerpt:

The deal with DPS Penn, an agent for Chesapeake Energy Corp., pays the county $5,850 for each of the 548 acres it’s leasing for shale drilling. The county stands to receive $3.2 million in bonus payments plus a 20% royalty.

» Via: The Business Journal › Columbiana County gets $3.2M for Drilling Rights

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Shale FAQ

What are mineral rights?

Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.

Will I get free natural gas if I allow fracking on my property?

Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.

View Entire FAQ

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Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914. Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.