28 shale drilling permits issued in Ohio, Pa. and W.Va during week ended Oct. 24
Monday, November 1, 2021
Twenty-eight permits to drill new shale wells were issued in Ohio, Pennsylvania and West Virginia during the week ended Oct. 24, according to Marcellus Drilling News.
Pennsylvania issued 21 permits with most of those split between two well pads, one in Butler County drilled by PennEnergy Resources and the other in Tioga County drilled by Repsol.
Ohio issued six new permits with Encino Energy receiving three, Utica Resource Operating receiving two and Ascent Resources receiving one.
For the second consecutive week, West Virginia issued only one new drilling permit.
Learn more: Marcellus Drilling News > 28 New Shale Well Permits Issued for PA-OH-WV Oct 18-24
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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.