Ascent Resources points new Chief Financial Officer
Tuesday, May 26, 2020
Ascent Resources, LLC recently announced Brooks M. Shughart has been named Executive Vice President — Chief Financial Officer, effective May 18, 2020, according to Yahoo Finance.
Shughart will replace Jennifer M. Grigsby, who is reportedly leaving Ascent to pursue other interests.
Shughart comes to Ascent from First Reserve, an energy-focused private equity fund. Shughart worked there for eight years, serving in various roles including his most recent position as Managing Director.
Learn more: Yahoo Finance > Ascent Resources Announces New Chief Financial Officer
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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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.
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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.