U.S. Shale Gas and Oil Already Lowering Global Prices
Wednesday, May 22, 2013
Recent growth in U.S. energy production has helped reduce the price of Brent crude, a major benchmark commodity, by $25 a barrel, according to Energy Tomorrow. It’s big news because the price of crude is the single largest factor in the price of gasoline.
Energy Tomorrow is a blog produced by the American Petroleum Institute, a national trade association representing all aspects of America’s oil and gas industry.
What is the cause of such an increase in domestic energy production? Hydraulic fracturing and horizontal drilling, according to the blog.
» Via: Energy Tomorrow › Rising U.S. Oil Supply and the Impact on Global Markets
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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.