20 shale drilling permits issued in Ohio, Pa., W. Va. for week ended May 7
Wednesday, May 17, 2023
Twenty new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia from May 1 to 7, according to Marcellus Drilling News.
Pennsylvania issued 15 new drilling permits during the time period. PennEnergy Resources received five of those permits to drill in Armstrong County. Chesapeake Energy received four permits to drill in Bradford County.
Ohio issued five new permits from May 1 to 7. West Virginia didn’t issue any new permits during the same time period.
A week prior, from April 24 to 30, 18 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 May 1-7
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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.