Rig count jumps to 755 with the addition of two natural gas rigs
Monday, May 1, 2023
The U.S. rig count climbed to 755 during the week ended April 28, gaining two natural gas rigs, according to data provided by Baker Hughes.
The U.S. natural gas rig count increased to 161 rigs during the time period, while the domestic oil drilling count remained unchanged despite a mix of regional activity.
Last year, the rig count rested at 698 during the same time period.
Learn more: Natural Gas Intelligence > Two Natural Gas Rigs Added in U.S. as Oil Count Steady, Baker Hughes Data Show
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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.