Hydrocarbons Generated by Thermal Cracking via: ODNR
According to the Ohio Department of Natural Resources, the maps show 100 new data points which signals new potential area for shale drilling. However, the pressure under the ground may not be enough for gas and oil production. This means that the points show potential but nothing is guaranteed.
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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.