Williams focuses on Marcellus shale development
Monday, February 27, 2017
Williams Companies Inc. continues to streamline its efforts and strengthen its position in the Appalachian Basin, according to Bloomberg.
Williams traded a 50 percent stake in the oil-rich Permian to Western Gas Partners LP for a greater foothold in the northern Pennsylvania area of the Marcellus shale and a cash payment of $155 million. The move builds on the companies’ overall goals to become a pipeline giant in the region.
As gas supplies coming out of the region have overwhelmed current pipeline capacities, Williams plans to provide more infrastructure and ultimately transport more natural gas out of the region.
Learn more: Bloomberg > Williams makes good on plan to double down in heart of shale
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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.