US grants Northern Access pipeline more time
Friday, July 1, 2022
U.S. regulators have granted National Fuel Gas Co an extension to build its proposed Northern Access natural gas pipeline, according to Reuters.
On Wednesday, the U.S. Federal Energy Regulatory Commission approved the company’s request for a 35-month extension to complete the project by December 2024.
Northern Access includes a 99-mile pipeline and would deliver about 0.49 billion cubic feet per day of gas from the Marcellus shale in Pennsylvania to New York. It is one of several fossil fuel projects held up by regulators in New York over the past several years.
The project was originally approved in February 2017 to be put into service by February 2019.
Learn more: Reuters > U.S. gives NFG more time to build Northern Access natgas pipeline
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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.