Ohio Getting Another NGL Pipeline
Tuesday, October 1, 2013
A new $60 million, natural gas liquids pipeline is coming to Mahoning and Columbiana counties.
Pennant Midstream announced the construction of the 38-mile pipeline Monday. The pipeline will connect the Hickory Bend Cryogenic Processing Plant in New Middletown to the Kensington facility in Columbiana County.
According to Pennant, the pipeline will have the initial capacity to deliver nearly 90,000 barrels of natural gas liquids a day.
The pipeline is under construction and is expected to be completed by July of next year.
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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.