Range Resources down $119 million for second quarter
Friday, July 31, 2015
Fort Worth, Texas-based Range Resources posted a loss of $119 million for the second quarter of 2015, according to Star-Telegram.
Revenue was down to $248 million for the quarter. Range Resources is operating just 10 drilling rigs and slashed its budget nearly in half after low commodity prices persisted.
At the same time, Range Resources’ production averages 1,373 million cubic feet of natural gas per day, most of which comes from the Marcellus Shale.
Via: Star-Telegram > Range Resources reports second-quarter loss
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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.