Texas company plants to invest $6B in natural gas to fuel plant in Pa.
Friday, November 5, 2021
Houston-based Nacero Inc. plans to build a $6 billion plant to develop fuels from natural gas on the site of a former coal mine in northeastern Pennsylvania, according to Miami Herald.
Officials made the announcement last week, saying the project would bring jobs to the area.
The plant will use natural gas from the Marcellus Shale, which has produced more than any other natural gas reservoir in the country.
“We are going to be making gasoline, which is our largest commodity consumer product, from natural gas and renewable natural gas,” said Thomas Tureen, chairman of the board.
Learn more: Miami Herald > $6 billion natural gas to fuel plant planned in Pennsylvania
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.