Ohio, Pa., W. Va. combine for 32 new permits during week ended Dec. 19
Monday, December 27, 2021
Ohio, Pennsylvania and West Virginia are finishing out the year with strong oil and gas permitting activity in their shale fields, issuing 32 new permits the week ended Dec. 19 and 30 new permits a week prior, according to Marcellus Drilling News.
Pennsylvania recorded the most permits from Dec. 13-19, issuing 13 to three drillers across five well pads in four counties.
West Virginia totaled the second-most new permits with 11. Those were split between two drillers for two well pads in Tyler County.
Ohio issued eight new permits to two drillers for three pads in two counties.
Learn more: Marcellus Drilling News > 32 New Shale Well Permits Issued for PA-OH-WV Dec 13-19
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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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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.