US natural gas production reaches new heights in 2018
Thursday, April 4, 2019
Last year natural gas production in the United States grew by 10 billion cubic feet per day, according to reports conducted by the U.S. Energy Information Administration.
The 11%-production increase marked the largest annual production increase on record, reaching an all-time high for the second consecutive year, according to The Youngstown Business Journal.
The Utica/Point Pleasant shale in Ohio, and the Marcellus shale play in Pennsylvania and West Virginia drove the growth and continues to be the largest natural-gas-producing region in the country.
Learn more: The Youngstown Business Journal > U.S. Natural Gas Production Hit New Record in 2018
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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.