New Pennsylvania DEP rules could cost Marcellus drillers millions
Saturday, January 9, 2016
On Wednesday, the Pennsylvania Department of Environmental Protection sent its final oil and gas rules to the state’s Environmental Quality Board. The rules deal with permitting, waste handling and other drilling issues.
The Patriot-News reports that the Marcellus Shale Coalition looked through the regulations and determined that they will cost oil and gas producers more money. The group estimated that the oil and gas industry will pay $2 billion annually to comply with the new rules.
According to the newspaper and DEP estimates, unconventional drillers will spend $6 million to $31 million each year.
Via: The Patriot-News > How much will the new DEP regulations cost the Marcellus Shale industry?
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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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.
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