Natural Gas Futures Plummet
Thursday, January 3, 2013
Can natural-gas prices get any lower? Yes. The Wall Street Journal reports that futures are plummeting after meteorologists predicted mild January weather for the Northest.
Read it:
“Natural-gas futures settled at $3.233 per million British thermal units on the New York Mercantile Exchange, down 11.8 cents, or 3.5%. The commodity, which also declined Monday, has lost 6.8% of its value in the last two sessions.”
The drop in natural-gas prices can be attributed to two factors: record-high natural-gas storage levels and fresh predictions of warmer-than-usual weather in January. In other words, there’s more supply than demand.
This is good news for consumers, but natural-gas producers will be feeling the pinch.
» Via: The Wall Street Journal › Natural-Gas Futures Continue to Fall
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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.