ETP delays Rover pipeline until late summer
Thursday, July 27, 2017
Energy Transfer Partners LP has delayed its Rover natural gas pipeline, running from Pennsylvania to Ontario, until later this summer, according to Reuters.
The first phase of the Rover was expected to start in July, but got pushed back after regulators decided Energy Transfer Partners needed to meet certain requirements set by the U.S. Federal Energy Regulatory Commission (FERC) and the Ohio Environmental Protection Agency (EPA) after drilling fluids spilled into an Ohio wetland during construction in April.
Despite the setback, ETP still believes the second and final phase of the $4.2 billion project to enter service in November.
Learn more: Reuters > ETP delays start of U.S.-Canada Rover natgas pipe until late summer
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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.