New Eastern Ohio pipeline set to go into service in late 2015
Saturday, January 24, 2015
A new pipeline in Guernsey and Noble Counties will serve major customers in Eastern Ohio’s Utica Shale, according to Zanesville Times Recorder.
The pipeline will transport light oil condensate and will handle 50,000 barrels of oil per day initially. The pipeline will feature a compression station and stabilization facility. It will connect to the existing Ohio River Valley pipeline that runs through Muskingum and Washington Counties.
About 150 to 200 jobs will be created in Eastern Ohio with the pipeline’s construction. Additional connecting facilities could potentially be built in Coshocton, Holmes and Harrison Counties.
Via: Zanesville Times Recorder > New pipeline will help transport oil to county
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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.