Shale Gas Royalty Owners Plan Conference
Wednesday, August 15, 2012
WHITE SULPHUR SPRINGS, W.Va. — The Appalachian Chapter of National Association of Royalty Owners (NARO) will host its annual members’ conference at the Greenbrier Hotel in White Sulphur Springs, W.Va., Sept. 24-26.
Hydrocarbon development
This conference will feature presentations by national experts on the development of hydrocarbons in the Utica and Marcellus Shales of West Virginia, Ohio, and Pennsylvania along with other geologic formations in Kentucky and the Appalachian basin area.
Continuing education programs will be offered for attorneys and accountants desiring to learn more about issues associated with leasing, drilling, producing, and marketing natural gas, crude oil, and natural gas liquids.
Economic impact
Specialists from industry and government will be speaking about the economic impact and job creation associated with the Utica and Marcellus Shales. Leasing, royalty accounting, field operations, the potential for using compressed natural gas in commercial and passenger vehicles, and exporting liquefied natural gas from the U.S. east coast will also be discussed.
The conference is open to all NARO members and non-members. More information is available at 877-341-3244 or hartpetro@gmail.com.
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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.