26 shale drilling permits issued in Ohio, Pa., W. Va. for week ended May 14
Wednesday, May 24, 2023
Twenty-six new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia from May 8 to 14, according to Marcellus Drilling News.
Pennsylvania issued 13 new drilling permits during the time period. CNX Resources received five permits to drill in Westmoreland County and two permits to drill in Greene County.
Ohio issued 10 new permits from May 8 to 14. Encino Energy received five of those permits to drill in Harrison County.
West Virginia issued three new permits during the same time period.
A week prior, from May 1 to 7, 20 new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia.
Learn more: Marcellus Drilling News > 26 News Shale Well Permits Issued for PA-OH-WV May 8-14
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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.