Saudi Aramco considers investing in Marcellus Shale
Friday, May 10, 2019
Saudi Aramco is reportedly considering its first overseas gas project by investing in Equinor’s activities in the Marcellus Shale, according to Kallanish Energy.
State-owned Saudi Aramco and Norwegian giant Equinor are in talks for interest acquisitions or joint ventures in the Marcellus Shale. Equinor currently operates over 344,000 acres in the Marcellus Shale.
Saudi Arabia is looking at diversifying its economy and reducing dependence on oil, under the plan Saudi Vision 2030.
Learn more: Kallanish Energy > Saudi Aramco considering U.S. shale project with Equinor
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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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.