Double up: Marcellus and Utica could both be drilled on same well pad
Sunday, November 9, 2014
The Intelligencer & Wheeling News Register reports that shale drillers are considering drilling both the Utica and Marcellus Shales on the same well pad.
The Marcellus Shale reaches down to about 6,000 feet, while the Utica Shale reaches a depth of 12,000 feet. The Marcellus Shale is drilled for wet gas and the Utica Shale contains dry gas. Wet gas is more profitable than dry gas.
Dry methane gas from the Utica Shale can be sold while the Marcellus Shale’s wet gas can be processed and sent to the market.
Via: The Intelligencer & Wheeling News Register > Marcellus drilling increasing in Ohio
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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.