Shale industry has a place in Ohio and surrouding region
Wednesday, October 21, 2015
Crain’s Cleveland says that even in the current downturn of low prices and production, the shale industry has a future in Ohio and neighboring states.
Nationally, there is a glut of ethane, but in the Utica Shale, an ethane cracker would reduce the amount of ethane currently being rejected. Ethane crackers “crack” ethane to produce ethylene, which is a feedstock for polyethylene and plastics.
Several ethane crackers have been proposed in the region, including the locations of Beaver County, Pennsylvania, Parkersburg, West Virginia, Belmont County and Monroe County. At last week’s Tri-State Shale Summit, Ohio, Pennsylvania and West Virginia officials met to discuss the future of the region’s shale plays and how they could become ethane processing centers.
Via: Crain’s Cleveland > Ohio’s shale industry isn’t about to crack
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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.