Midwest consumers will see lower heating costs this winter
Tuesday, November 24, 2015
U.S. shale gas production has created some benefits for consumers.
According to Bloomberg, consumers in the Midwest won’t be affected by increased natural gas costs this winter when the weather turns cold. Information from the U.S. Energy Information Administration says that heating costs this winter will be down 14 percent in the heartland, compared to last year.
The addition of more pipelines has contributed to the price break, as well as the boom in production.
Via: Bloomberg > Midwest Gas Burners Are Shale’s Biggest Beneficiaries This Year
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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.