Shale Gas and its role in America’s Industrial Revival
Tuesday, November 20, 2012
It’s no secret that the shale gas industry is changing the landscape for many Americans, but The Washington Post is reporting that not only are landowners profiting, but industry is as well.
Several companies including Methanex Corp., which closed its final U.S. chemical plant in 1999, are coming back to the United States because of lower natural gas prices. Many industrial companies rely on natural gas.
Many companies are investing long-term.
Read it:
“Industrial companies are betting that the surge in the domestic production of natural gas is much more than a blip. Cheap and plentiful supplies of natural gas are flooding the U.S. market, and prices in the United States are as low as a quarter of what they are in Europe or Asia.”
According to Dow Chemical, companies are planning to invest as much as $80 billion in U.S. chemical, fertilizer, steel, aluminum and plastic plants.
Read more below.
» Via: The Washington Post › The new boom: Shale gas fueling an American industrial revival
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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.