US oil and gas rig count rises to 707 during week ended Jan. 6
Wednesday, January 12, 2022
The eight largest domestic oil and gas plays in the United States saw flat activity in the first days of 2022, adding only one rig to reach 707 during the week ended Jan. 5, according to Enverus.
Oil rigs lost one during the week, bringing the total to 537. Natural gas rigs gained two, bringing the total to 170 during the same time period.
The domestic oil and gas rig count started 2021 at 406 rigs and gained 300 rigs over the course of the year.
Learn more: S&P Global Platts > US oil, gas rig count rises one on week to 707: Enverus data
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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.