Central and southwestern Columbiana County are hotspots for Utica wells
Friday, September 4, 2015
In Columbiana County, Ohio, Utica Shale drilling hotspots are in the central and southwestern portions of the county, according to The Business Journal.
Franklin, Hanover and Center townships have some of Columbiana County’s most prolific wells, based on second quarter reports. Two Franklin Township wells produced more than 1.4 billion cubic feet of natural gas during the second quarter of 2015 alone. Several other wells in the township produced hundreds of millions of feet of natural gas during the second quarter.
In Hanover Township, the two leading natural gas wells produced 449.3 million cubic feet and 304 million cubic feet, respectively. The top Center township wells fell behind Hanover, with 249.1 million cubic feet and 217.7 million cubic feet produced, respectively.
Via: The Business Journal > Gas Production Robust for Columbiana County Wells
More about Columbiana County drilling:
- Utica landowner sees sharp drop in royalty payments Aug. 27, 2015
- Columbiana County well production encourages Chesapeake May 12, 2015
- Columbiana County landowners lose lease appeal April 7, 2015
- Columbiana County wells not far behind Utica’s southern tier Sept. 23, 2014
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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.