Company Investing Big in Utica
Thursday, July 12, 2012
The Business Journal reported that Caiman Energy, a company specializing in energy infrastructure, is investing $800 million to develop a natural gas and crude oil processing network in the Utica Shale region.
Read it:
Caiman’s partners include Williams Partners of Tulsa, Okla., EnCap Flatrock Midstream of San Antonio and Highstar Capital of New York. The area of focus will be the natural gas liquid- and oil-rich areas of the Utica Shale in Ohio and northwest Pennsylvania, the company said.
Unfortunately, the company hasn’t disclosed where the pipelines and plants will be built, yet.
There’s been quite a few announcements of pipelines recently. Not only will those in the Utica Shale region prosper from bonus and royalty checks, they’ll prosper from the employment at processing plants coming to the area.
Make sure to click the links for the full story.
» Via: The Business Journal › Caiman Energy, its Partners to Invest $800M in Utica
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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.