Oil and gas production in Marcellus and Utica Shales expected to drop
Friday, September 25, 2020
Oil and gas production in the Marcellus and Utica shale plays is expected to drop again next month, according to the U.S. Energy Information Administration.
In its monthly drilling productivity report, the agency stated that natural gas production across the Appalachian basin is projected to drop by 162 million cubic feet per day in October compared to September.
The region should produce 32.835 billion cubic feet of gas per day in October, down from 32.997 billion cubic feet this month, according to the report.
Learn more: The Youngstown Business Journal > More Drops in Gas, Oil Production in Utica, Marcellus
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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.