Hundreds of businesses associated with shale industry facing employment audits
Thursday, August 27, 2015
According to Pittsburgh Post-Gazette PowerSource, businesses such as hotels and restaurants started as a result of the Marcellus and Utica Shale gas boom are subject to employment audits by the federal government.
In West Virginia and southwestern Pennsylvania, the U.S. Department of Labor has audited more than 395 companies since 2012. Fifteen of those companies owe more than $100,000 in back wages, civil penalties and liquidated damages. Two companies owe more than $1 million.
Typically, when the Department of Labor identifies employment violations, companies will change their practices to correctly compensate employees for overtime. However, the same violations that occurred several years ago are still happening with companies today.
Via: Pittsburgh Post-Gazette PowerSource > Employment audits on the rise, and not just at shale firms
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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.