Saudi Arabia, Russia intensify oil supply cuts
Wednesday, July 12, 2023
Saudi Arabia and Russia, the world’s biggest oil exporters, will make additional oil supply cuts through the end of August.
Oil and gas companies continue to focus on exploration, despite climate concerns
Monday, July 10, 2023
Oil and gas companies continue to search for new deposits, reinvesting record profits that resulted from the price surge driven by the Ukraine war.
Oilfield Jargon
Word of the Week
Market Enhancement Clause
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11 shale drilling permits issued in Ohio, Pa., W. Va. for week ended June 25
Friday, July 7, 2023
Eleven new permits were issued to drill shale wells in Ohio, Pennsylvania and West Virginia from June 19 to 25.
Pa. Senate weighs measure to give state regulators authority over carbon capture wells
Wednesday, July 5, 2023
The Pennsylvania Senate is considering a measure that would grant state regulators authority over injection wells used for carbon capture.
Mountain Valley Pipeline gets FERC approval to finish construction
Monday, July 3, 2023
The U.S. Federal Energy Regulatory Commission authorized Equitrans Midstream Corp. to resume construction of its Mountain Valley natural gas pipeline.
EIA: US natural gas demand increases 43% from 2012 to 2022
Friday, June 30, 2023
U.S. natural gas demand grew by 34.5 billion cubic feet per day from 2012 to 2022, according to data released by the U.S. Energy Information Administration.
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.