Shale tax, pipeline easements focus of Jefferson County meetings
Monday, February 13, 2012
WINTERSVILLE, Ohio — Ohio State University Extension, Jefferson County Farm Bureau, Jefferson Soil and Water Conservation District, and the Eastern Ohio Development Alliance have teamed up to offer a shale gas workshop series for landowners this winter.
The workshops, which run from 7:30-9:30 p.m., will be held at the Jefferson JVS near Bloomingdale.
The first session Feb. 28 will focus on wealth and tax management strategies for landowners, covering lease and royalty payments.
The session will be taught by Atty. Peggy Kirk Hall, tax specialist Dave Miller, and OSU Extension Educator Mike Hogan.
The second workshop, March 6, will share information on negotiating pipeline easements that are favorable to landowners. Hall will return for this session, joined by and Dale Arnold, an energy specialist with the Ohio Farm Bureau Federation.
The workshops are free and refreshments will be served by the Jefferson County Farm Bureau. For more information, contact the Jefferson County Office of OSU Extension at 740-264-2212.
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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.