Ohio, Pa., W. Va. issue a combined 30 new permits during the week ended Dec. 12
Tuesday, December 21, 2021
Thirty new oil and gas drilling permits were issued in the shale fields of Ohio, Pennsylvania and West Virginia during the week ended Dec. 12, according to Marcellus Drilling News.
Pennsylvania issued 19 new drilling permits — nine to Chesapeake Appalachia LLC, four to EQT, four to Range Resources and two to Apex Energy.
Ohio issued two permits to Diversified Production LLC, a subsidiary of Alliance Petroleum, and one to EOG Resources Inc.
West Virginia issued eight permits. Tribune Resources LLC received five new permits. Tug Hill Operating LLC, Antero Resources Corporation and Jay-Bee Oil & Gas Inc each received one new permit.
Learn more: Marcellus Drilling News > 30 New Shale Well Permits Issued for PA-OH-Wv Dec 6-12
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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.