Top Shale Gas Stories for the Week of 6/30
Friday, July 5, 2013
Here’s this week’s top shale gas stories:
( 1 ) Oxford Oil Aquired by Eclipse
Landowners leased with Oxford Oil Company should pay attention. Eclipse Resources, an independent Pennsylvania energy company, purchased Oxford Oil Company and it 184,000 acres in Ohio.
» Via: The Shale Gas Reporter › Eclipse Resources Purchases Oxford Oil Company
( 2 ) Shale Gas Lawsuits Increasing in Utica Shale
According to a report by Columbus Business First, lawsuits involving shale gas mineral rights are keeping litigators busy, says a study from Steptoe & Johnson PLLC.
The study reported that at half of the oil and gas companies surveyed say mineral rights disputes arise at least quarterly. More than 90 percent believe the frequency of such disputes will increase or remain the same in the coming year.
» Via: Columbus Business First › Lawsuits rising in Ohio’s Utica shale territory, firm finds
( 3 ) Radioactivity and Shale Gas
The Youngstown Vindicator is doing its part to debunk some shale gas myths with a post this week on its Shale Sheet blog.
The post is a bit technical in nature, but if you’re willing to keep a dictionary or Wikipedia handy, you should give it a try.
» Via: The Youngstown Vindicator › The Low-Down on Radioactivity and Shale Gas Development
( 4 ) Cryogenic Plant is Running
Blue Racer’s Natrium cryogenic facility is now up and running, according to the Akron Beacon Journal.
The Natrium Processing and Fractionation Facility has been running for a couple of weeks, which is good news for oil and gas producers who’ve waiting for the facility to come online.
The plant is part of a larger, $1.5 billion transportation and processing project between Dominion Resources and Caiman Energy II LLC.
» Via: The Akron Beacon Journal › Blue Racer’s Natrium cryogenic plant is quietly up, running
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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.
I live in new mexico, eddy county where we have 320 acres that is recently leased and soon to be drilled. we just need the basic info.on what,when,where to start understanding all of what we need for future transactions.thank for any help.a very basic book,an ongoing news letter