Natural gas-fired power plant enters commercial operation in Ohio
Friday, June 9, 2023
A 1,875-megawatt natural gas-fired power plant has entered commercial operation in Guernsey County, Ohio, according to Power Magazine.
The Guernsey Power Station is powered by natural gas from the Marcellus and Utica shale plays.
Construction of the $1.7 billion plant began in 2019.
Learn more: Power Magazine > New Gas-Fired 1,875-MW Plant Comes Online in Ohio
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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.