New York and other northeastern states benefit from Marcellus development
Sunday, September 27, 2015
New York may have banned fracking, but the Empire State is reaping the benefits of drilling in Pennsylvania.
Marcellus Shale development across Pennsylvania is impacting the power prices in New York state, according to NorthCentral PA. New York is upping its energy intake due to the lower prices. More power plants are transitioning to natural gas to save money and improve environmental impacts.
Besides New York, New Jersey and Rhode Island are also benefitting from Marcellus Shale development. In those states, energy prices are expected to drop while production increases.
Via: NorthCentral PA > Thanks to Shale, Northeast States — including New York — See Energy Prices Plummet
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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.