PTT testing soil at site of proposed ethane ‘cracker’ plant
Wednesday, May 23, 2018
PTT is testing the soil at the former R.E. Burger power plant along the Ohio River in Belmont County to ensure the ground can support its proposed $10 billion ethane “cracker” plant, according to the Wheeling Intelligencer/News-Register.
“This is part of our ongoing feasibility and engineering work, including permit-related activities required through our contractors and consultants,” said PTT spokesman Dan Williamson. He also added that a final investment decision on building the plant remains under evaluation.
PTT controls about 500 acres for possibly building the ethane cracker.
Learn more: Wheeling Intelligencer/News-Register > PTT Ensuring Possible Belmont County Cracker Will Be on Solid Footing
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Marcellus & Utica Shale Well Map
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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.
This plant, along with the Shell ethylene unit may be the start of a network of Petrochemical Plants similar to the Gulf Coast network that started just prior to WWII. For a description, get a copy of the book “Giants on the River”
Where can I find more about Giants on the River?
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