Rice Energy may acquire additional acreage in Greene County
Tuesday, April 19, 2016
Rice Energy will potentially acquire 27,400 undeveloped acres in Greene County, Pennsylvania, through a stalking horse asset purchase agreement with a subsidiary of Alpha Natural Resources, Inc., according to Observer-Reporter.
Along with the undeveloped acreage, Rice would acquire another 3,200 acres that are already owned in fee to the company, as well as 23,500 net acres of Utica rights.
The source reports that the purchase agreement would give Rice acreage that’s adjacent to its existing developed Marcellus shale acreage.
Read more: Observer-Reporter > Rice Energy announces agreement to buy Alpha shale assets
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.