EPA starts rolling back methane rule
Friday, July 21, 2017
The United States Environmental Protection Agency is moving forward with rewriting a methane regulation opposed by the oil and gas industry, following a federal court ruling that blocked the agency from delaying the rule for as long as two years, according to the Houston Chronicle.
The industry considers the Obama-era rule, which aims to reduce methane emissions from oil and gas drilling, costly and unnecessary.
The regulation was scheduled to go into effect in June, but EPA Administrator Scott Pruitt ordered a 90-day delay that he tried to extend two years before environmental groups sued.
Learn more: Houston Chronicle > EPA begins process of rolling back methane rule
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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.