24 shale drilling permits issued in Ohio, Pa., W. Va. during week ended July 31
Wednesday, August 10, 2022
Twenty-four new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia during the week ended July 31, according to Marcellus Drilling News.
Pennsylvania issued two new permits from July 25-31. Chesapeake Energy and Olympus Energy each received one permit.
Ohio issued 14 new drilling permits. Encino Energy claimed eight of those and Utica Resources operating received four.
West Virginia issued eight new drilling permits. Antero Resources received seven of those permits.
Learn more: Marcellus Shale Drilling News > 24 New Shale Well Permits Issued for PA-OH-WV Jul 25-31
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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.