Hotline for oil and gas emergencies created
Tuesday, August 16, 2016
Ohio Gov. John Kasich has called for 24/7 emergency hotline solely for oil and gas companies.
WKSU reports that the hotline will connect companies with the Ohio Department of Natural Resources, the Environmental Protection Agency, the state fire marshal, among other agencies, with one call so that the proper agency can be notified as soon as possible.
According to the source, the hotline should help to provide quicker response to oil and gas accidents, thus helping to protect the community and the environment.
Read more: WKSU > Kasich Executive Order Creates Oil and Gas Drilling Emergency Response System
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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.