Stark County is Getting Chesapeake Offices
Monday, July 16, 2012
The Canton Repository Chesapeake Energy Co. plans to build its Utica field offices at the Beck Industrial Commerce Center in Louisville, Ohio.
The newspaper received a release by Louisville City Manager, Thomas Ault, about the upcoming business deal.
Read it:
In the release, Chesapeake’s Keith Fuller, director of corporate operations in the Utica region, says the Oklahoma oil and gas company was looking “for a centralized location with the necessary acreage to accommodate our expanding workforce and growing operations here in Ohio.”
The new office space is sure to bring a variety of new jobs to the area.
Chesapeake is currently leasing office space in downtown Canton.
» Via: The Canton Repository › Chesapeake to build Utica shale HQ in Louisville
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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.