Despite controversy, 1st U.S. shale gas shipment lands in Scotland
Wednesday, October 12, 2016
The first tanker loaded with shale ethane from the United States arrived at Scotland’s Grangemouth location of chemical company Ineos on Sept. 27, according to OilPrice.com.
Although the delivery went as planned, it was met with some resistance from environmental activists. However, Ineos company representatives and United Kingdom industry bodies welcomed the shipment and are hopeful it will help the local economy revival and save jobs.
Earlier this year, Ineos said U.S. shale could allow the Grangemouth facility to run at its full rate and make the complex profitable again. The company currently has additional contracts to buy gas from the Marcellus Shale in Western Pennsylvania.
Learn more: OilPrice.com > First US Shale Gas Arrives In Scotland Amid Controversies
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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.