16 shale drilling permits issued in Pa., W. Va. during week ended July 24
Monday, August 1, 2022
Sixteen new permits were issued to drill shale wells in Pennsylvania and West Virginia during the week ended July 24, according to Marcellus Drilling News.
Pennsylvania issued eight new permits from July 18-24. Greylock Energy and Pennsylvania General Energy claimed the three permits each to drill in Green County and Tioga County, respectively. EQT and Seneca Resources both received one new drilling permit.
West Virginia issued eight new drilling permits. Four went to Jay-Bee Oil & Gas to drill in Tyler County and four went to Tug Hill Operating to drill in Wetzel County.
Learn more: Marcellus Drilling News > 16 New Shale Well Permits Issued for PA-OH-WV Jul 18-24
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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.