Pennsylvania’s Marcellus gas helped US break record in 2014 with proven reserves
Saturday, November 28, 2015
A U.S. Energy Information Administration report states that 388 trillion cubic feet of natural gas was produced in 2014. 10.4 trillion cubic feet came from Pennsylvania’s Marcellus shale.
This is the first time that shale makes up more than half of the United States’ total of proven reserves, StateImpact Pennsylvania reports.
However, 2015’s proven reserves won’t come close to that number. It’s been more difficult for oil and gas producers to make a profit while prices are low.
Via: StateImpact Pennsylvania > Pennsylvania’s Marcellus Shale drives boost in nation’s proven gas reserves
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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.