30 shale drilling permits issued in Ohio, Pa., W. Va. for week ended March 12
Wednesday, March 22, 2023
Thirty new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia from March 6 to March 12, according to Marcellus Drilling News.
Pennsylvania issued 21 new drilling permits during the time period. EQT received seven permits for drilling in Lycoming County, Pennsylvania. Repsol received six drilling permits in Bradford County, Pennsylvania. Chesapeake Energy also received five permits in Bradford County.
Ohio issued five new permits and West Virginia issued four new permits during the time period.
A week prior, from Feb. 27-March 5, 29 new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia.
Learn more: Marcellus Drilling News > 30 New Shale Well Permits Issued for PA-OH-WV Mar 6-12
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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.