US shale production set to fall to two-year low
Friday, May 22, 2020
The Energy Information Administration’s latest Drilling Productivity Report indicates U.S. shale production is set to fall to a two-year low in the coming weeks, according to Yahoo Finance.
EIA estimates show oil production from the country’s leading shale basins is set to fall by 197,000 barrels per day in June compared to a month earlier. The Permian Basin is leading the way, cutting 87,000 bpd.
U.S. natural gas production is also set to fall by about 1 percent — or 779 million cubic feet per day (mcf/d)— in June. The Appalachian Basin will lose 85 mcf/d.
Learn more: Yahoo Finance > Permian Basin Leads Decline In U.S. Shale
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
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.