Carbon Natural Gas acquires $21.5M in Appalachian natural gas assets
Saturday, August 26, 2017
Carbon Natural Gas Co. recently acquired $21.5 million worth of natural gas producing properties and related facilities in the Appalachian Basin, according to Oil and Gas Investor.
Located primarily in West Virginia, the assets produce roughly 7.5 million cubic feet of natural gas per day and developed producing reserves are estimated at 52 billion cubic feet as of July 1. The acquisition also includes about 311 miles of natural gas pipelines, gathering lines and related compression facilities.
Carbon Natural Gas Co.’s affiliate, Carbon Appalachian Co. LLC, completed the acquisition on Aug. 15, from an undisclosed seller.
Learn more: Oil and Gas Investor > Carbon Natural Gas corrals Appalachian producing assets in $21.5 million acquisition
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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.