20 permits issued in Ohio, Pa., W. Va. during week ended Oct. 17
Monday, October 25, 2021
Ohio, Pennsylvania and West Virginia issued a combined 20 permits in the Marcellus and Utica shale formations of the Appalachian Basin during the week ended Oct. 17, according to Marcellus Drilling News.
Pennsylvania issued a majority of those permits. Fourteen permits were issued to Chesapeake Energy, EQT, EXCO Resources, Chief Oil & Gas, and Southwestern Energy.
Ohio issued five new permits all to Ascent Resources.
West Virginia issued one new permit to EQT.
Learn more: Marcellus Drilling News > Weekly Shale Drilling Permits for PA, OH, WV: Oct 11-17
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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.