New permits issued in Ohio, Pa., W. Va. during week of June 21-27
Monday, July 5, 2021
Thirteen new permits to drill in the Marcellus and Utica shale plays were issued in Ohio, Pennsylvania and West Virginia during the week of June 21-27, according to Marcellus Drilling News.
Nine new permits were issued in Pennsylvania with all but one on the same well pad in Greene County.
Ohio issued three new permits with two of three on the same well pad in Monroe County. All three permits were issued to Diversified Production LLC, a subsidiary of Alliance Petroleum.
West Virginia issued one new permit to Phoenix Energy Resources LLC.
Learn more: Marcellus Drilling News > Weekly Shale Drilling Permits for PA, OH, WV: Jun 21-27
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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.