Oil prices fall under $39; OPEC not cutting production
Wednesday, August 26, 2015
According to CNNMoney, gasoline later this fall could be less than $2 per gallon due to the most recent slide in prices.
On Aug. 24, West Texas Intermediate crude oil futures traded at $39 per barrel, the lowest price since February 2009. In June 2014, the price of a barrel of oil was $100.
American shale producers have increased production even though prices and demand have been depressed. OPEC typically reduces production when prices are low, but politics between Iran and Saudi Arabia could be behind Saudi Arabia’s excess production.
Via: CNNMoney > Oil prices below $39 for first time since 2009
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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.