FERC approves eastern facilities of WB XPress for service
Monday, November 19, 2018
On Wednesday, the Federal Energy Regulatory Commission approved a request from TransCanada Corp’s Columbia Gas Transmission unit to put the eastern facilities of the WB XPress natural gas pipeline into service in West Virginia and Virginia, according to U.S. News & World Report.
The $900 million WB XPress project was designed to increase gas capacity Virginia and West Virginia, moving 1.3 billion cubic feet per day. It includes construction of 2.9 miles of new pipeline, two compressor stations and replacement of 26 miles of existing pipeline.
TransCanada also has plans to complete the $3 billion Mountaineer and $600 million Gulf XPress projects by the end of the year.
Learn more: U.S. News & World Report > U.S. approves part of TransCanada WB XPress natgas pipe for service
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Depending on the company, royalty payments can arrive monthly or quarterly.
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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.
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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.