Is the Utica Shale Shrinking?
Monday, January 7, 2013
The Utica Shale isn’t as large as some previously thought, according to the Youngstown Vindicator. Though it sounds disappointing, the news isn’t bad for the Mahoning Valley. Why? Because the Mahoning Valley is in the middle of it all.
Read it:
“In the long-term, the condensing of the shale area should help the Mahoning Valley economically because oil-field services companies will be able to locate more centrally and won’t be as spread out, said Eric Planey, vice president for international business attraction at the Youngstown/Warren Regional Chamber.”
The majority of the shale development is centered in Columbiana, Carroll and Harrison counties.
» Via: The Youngstown Vindicator › Utica Shale area smaller than some thought
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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.