US natural gas production drops 1% in 2020
Friday, March 12, 2021
From 2019 to 202, U.S. natural gas production decreased 1%, however, production in the Appalachian Basin remained strong, according to Farm and Dairy.
As production fell 0.9 billion cubic feet per day last year, the Appalachian Basin realized a production increase. Ohio, Pennsylvania and West Virginia produced 33.6 billion cubic feet per day in 2020, compared to 32.1 billion cubic feet per day a year prior.
West Virginia experienced the largest increase in natural gas production at 20% or about 1.2 billion cubic feet per day, over its 2019 production.
Learn more: Farm and Dairy > Annual U.S. natural gas production drops in 2020
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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.