Encino Energy wins Excellence Award from Eastern Ohio Development Alliance
Tuesday, June 22, 2021
The Eastern Ohio Development Alliance awarded Encino Energy its Excellence Award in the large business category, making Encino the first oil and gas exploration company to receive the honor, according to Farm and Dairy.
Encino was selected for the Excellence Award for prioritizing safety, mitigating the environmental impacts of its operation and investing in and communicating with the communities where it operates.
Terry Bell, vice president of the Jefferson County Township Association, nominated Encino for the award.
Learn more: Farm and Dairy > Encino Energy wins award for excellence
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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.