Oil prices hit highest price since 2014
Friday, May 18, 2018
A day after President Donal Trump pilled the United States out of an international nuclear agreement with Iran, crude oil prices soared to 3 1/2-year highs, according to Reuters.
Climbing to highs last seen in November 2014, West Texas Intermediate crude futures hit $71.14 per barrel, while Brent crude futures jumped nearly 3 percent to $77.21.
While crude prices benefited from Trump’s move, Reuters says President Trump’s move sparked fears of increased tension in the Middle East and uncertainty over global oil supplies.
Learn more: Reuters > Oil soars after Trump nixes Iran nuclear deal, stocks rally
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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.