Oil and gas permitting activity picks up in Ohio, W. Va. during week ended Nov. 14
Thursday, November 25, 2021
Collectively, 20 oil and gas drilling permits were issued for shale wells in Ohio, Pennsylvania and West Virginia during the week ended Nov. 14, according to Marcellus Drilling News.
Ohio and West Virginia saw the most permitting activity with 11 and 7 permits, respectively. Pennsylvania only issued two new permits.
In Ohio EAP Ohio LLC received 9 of the 11 permits with 5 on the same well pad in Carroll County and four on the same well pad in Columbiana County. The remaining two permits were issued to Ascent Resources on the same well pad in Jefferson County.
All seven permits issued in West Virginia went to Ascent Resources across five different well pads in Richie and Wetzel counties.
Learn more: Marcellus Drilling News > 20 New Shale Well Permits Issued for PA-OH-WV Nov 8-14
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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.
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.