20 shale drilling permits issued in Ohio, Pa., W. Va. for week ended June 11
Wednesday, June 21, 2023
Twenty new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia from June 5 to 11, according to Marcellus Drilling News.
Pennsylvania issued six new drilling permits during the time period. Chesapeake Energy received all of those permits to drill in two counties.
Ohio issued eight new drilling permits during the time period. Ascent Resources received all of those permits for drilling across three counties.
West Virginia issued six new drilling permits from June 5 to 11.
A week prior, from May 29 to June 4, 25 new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia.
Learn more: Marcellus Drilling News > 20 New Shale Well Permits Issued for PA-OH-WV Jun 5-11
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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.