‘Shale Crescent’ looks to attract Utica and Marcellus natural gas business
Wednesday, June 15, 2016
In Southeast Ohio, shale industry leaders hope to bring in manufacturers and other business while natural gas prices are low, The Columbus Dispatch reports.
Headed up by organizations such as the Marietta Area Chamber of Commerce, the Southeastern Ohio Port Authority and the Ohio Oil and Gas Energy Education Program, the “Shale Crescent USA” campaign aims to draw in business to the Utica and Marcellus shale region along the Ohio River between Parkersburg, West Virginia, and Marietta, Ohio.
The name ‘Shale Crescent’ comes from the shape of a backward “C,” like a crescent moon, placed over the region and pointing back toward Columbus and Cleveland on a map of the region.
Read more: The Columbus Dispatch > Ohio’s ‘Shale Crescent’ to tout low natural-gas costs to recruit businesses
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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.