Natural gas knocks coal-generated electricity off
Friday, October 21, 2016
Researchers at the Great Lakes Energy Institute at Case Western Reserve University have found a direct relation between the increase in shale gas produced by fracking and the decline in coal production over the last decade, according to Science Daily.
The consumption of coal dropped 23 percent from 2008 to 2015. Meanwhile, natural gas production increased by 10 times its pervious output marks and its price dropped by 50 percent.
As the technological and economic advantages of using natural gas over coal continue to pile up and the gas supply continues to grow, the decline in coal usage is expected to continue.
Learn more: Science Daily > Shale gas, not EPA rules, has pushed decline in coal-generated electricity, study confirms
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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.