26 shale drilling permits issued in Ohio, Pa., W. Va. for week ended Feb. 5
Thursday, February 16, 2023
Twenty-six new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia from Jan. 30 to Feb. 5, according to Marcellus Drilling News.
West Virginia issued 15 new drilling permit during the time period. Antero Resources received eight of those drilling permits and Tug Hill operating received the remaining seven.
Pennsylvania issued five new permits and Ohio issued six new permits from Jan. 30 to Feb. 5.
A week prior, from Jan. 23 to Jan. 29, 59 new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia.
Learn more: Marcellus Drilling News > 26 new shale well permits issued for PA-OH-WV Jan 30-Feb 5
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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.