14 oil and gas permits issued in Ohio, Pa., W. Va. for week ended Jan. 22
Thursday, February 2, 2023
Fourteen new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia from Jan. 16 to Jan. 22, according to Marcellus Drilling News.
Pennsylvania issued seven new permits during the time period. Coterra Energy received six of those permits to drill in Susquehanna County in northeastern Pennsylvania.
Ohio issued five new permits and West Virginia issued two new drilling permits from Jan. 16 to Jan. 22.
Learn more: Marcellus Drilling News > 14 New Shale Well Permits Issued for PA-OH-WV Jan 16-22
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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.