Utica and Marcellus shale could bring more than $10 trillion
Monday, January 21, 2013
Business First recently reported that, according to the bond-rating firm Kroll Bond Ratings, once the Marcellus and Utica shales are completely developed, it could mean more than $10 trillion in new economic activity.
That’s a lot of money.
The analysis isn’t completely positive, though. The Bond Rating Agency has concerns about environmental and health issues:
“It said concerns over methane escaping during drilling, water use in fracking operations and potential contamination issues all need to be adequately addressed.”
Despite the worries, benefits can come from more than just payments to landowners. Indirect benefits include higher employment, improved infrastructure and increased tax revenues.
Other industry studies have concluded that the industry could provide Ohio with 276,000 new jobs by 2035.
» Via: Business First› Utica, Marcellus shale plays could represent more than $10 trillion in new economic activity
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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.