Utica, Marcellus production expected to decrease in February
Wednesday, January 27, 2021
Oil and gas production in the Utica and Marcellus shale plays is expected to decrease next month, according to the U.S. Energy Information Administration.
Natural gas production is projected to drop by 118 million cubic feet per day, according to The Youngstown Business Journal. Output in January averaged 33.955 billion cubic feet per day, while February is projected to see a reduction of 33.837 billion cubic feet per day.
Appalachia is likely to drop oil production by 1,000 barrels per day, from 125,000 barrels in January to 124,000 barrels in February, according to EIA estimates.
Learn more: The Youngstown Business Journal > Energy production in Utica, Marcellus expected to drop in February
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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.
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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.