Pa., Ohio, W. Va. renew Tri-State Shale Coalition
Wednesday, April 25, 2018
The governors of Pennsylvania, Ohio and West Virginia recently signed an agreement to renew the Trip-State Shale Coalition for another three years, according to U.S. News & World Report.
The state’s respective leaders, Democratic Gov. Tom Wolf and Republican Govs. John Kasich and Jim Justice, are hoping to generate a level of investment that would transform the Appalachian Basin into a global energy hub on par with Texas and Louisiana.
The three states sit atop the Marcellus and Utica shales, formations of porous rock stretching from West Virginia to Canada that hold huge deposits of oil and natural gas.
Learn more: U.S. News & World Report > Appalachia Markets Itself as Global Energy Hub
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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.