Eastern Ohio Target for New Processing Plant
Monday, July 9, 2012
According to The Business Journal, NiSource Inc. and Hillcorp Energy announced the creation of a new natural-gas liquids processing plant in northeastern Ohio.
It’s another wave a good news for Ohio residents, who are already seeing large checks from the natural gas boom.
The new processing plant will be a joint venture to utilize natural-gas liquids being harvested from the Utica and Marcellus Shale.
Read it:
“The joint venture creates a new entity, Pennant Midstream LLC, that will construct 50 miles of 20-inch gathering pipeline across northeastern Ohio and western Pennsylvania. The partnership will also construct and install a cryogenic processing plant in Ohio capable of handling 200 million cubic feet of natural gas per day.”
» Via: The Business Journal › NiSource, Hillcorp Target Eastern Ohio for Utica Plant
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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.