Marcellus and Utica shales are biggest gas producers in US
Thursday, May 19, 2016
In the past four years, natural gas production from the Marcellus and Utica shale in Ohio, Pennsylvania and West Virginia has accounted for 85 percent of the country’s shale growth, Akron Beacon Journal reports.
From 2010 through early 2016, 28,854 drilling permits have been issued in the three-state Appalachian Basin. Out of those permits, 9,955 wells are in production.
According to the source, Ohio lags behind Pennsylvania and West Virginia in drilling development. The bulk of Marcellus drilling has been done in Pennsylvania and West Virginia, while most of the Utica drilling has occurred in Ohio so far.
Read more: Akron Beacon Journal > Appalachian Basin becoming U.S. natural gas stronghold
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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.