Producers may look to Rogersville Shale in West Virginia
Wednesday, October 7, 2015
According to The Parkersburg News and Sentinel, oil and gas producers in West Virginia may be tapping into another shale formation.
The Rogersville Shale is a formation under Kentucky and in West Virginia between Huntington and Parkersburg. It’s about as deep as the Utica Shale in West Virginia.
A test well for the Rogersville Shale has been drilled in Putnam County, West Virginia, at a depth of 14,000 feet.
Via: The Parkersburg News and Sentinel > New shale region near Parkersburg
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
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.