Positives and negatives seen in Carroll County shale industry
Tuesday, July 15, 2014
According to Midwest Energy News, Carroll County, Ohio has seen economic improvement through the oil and gas companies, but the region has also seen negative effects from fracking.
The Policy Matters Ohio report shows that jobs have been added through the shale industry in Carroll County, but not as many as were originally predicted. Oil and gas companies are doing business locally, including visiting restaurants and lodging in local hotels, but have also been one of the reasons that the price of rental properties has risen so drastically.
In the future, possible taxes will compensate for possible environmental and community-based drawbacks that could result from gas drilling.
Via: Midwest Energy News > Ohio study finds more cost than benefits in shale gas drilling
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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.