Western Pennsylvania officials optimistic about future of Marcellus gas
Friday, March 11, 2016
The Marcellus shale gas industry may be in a slump now, but western Pennsylvania officials say it will come back.
Pittsburgh Tribune-Review reports that in Westmoreland, Fayette and Washington counties, where natural gas drilling created jobs and generated income, slowing production will pick up once more when prices increase. For now, Fayette County officials will focus on developing an economic development initiative. Westmoreland County will work on a business outreach program.
The U.S. Energy Information Administration says that natural gas prices will rebound in 2017.
Read more: Pittsburgh Tribune-Review > Westmoreland, neighboring counties, keep faith in Marcellus gas industry
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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.