EIA: US crude inventories increase 200,000 bbl week-over-week
Friday, September 30, 2022
U.S. crude inventories increase 200,000 bbl week-over-week, excluding the Strategic Petroleum Reserve, for the week ended Sept. 23, according to the Energy Information Administration.
Sitting at 430.6 million bbl, crude oil inventories are about 2% below the 5-year average for this time of year.
Motor gasoline inventories decreased by 2.4 million bbl week-over-week and are about 6% below the 5-year range for this time of year, according to the EIA. Finished gasoline inventories increased, while blending component inventories decreased. Distillate fuel inventories also decreased and are about 20% below the 5-year average for this time of year.
Learn more: Oil & Gas Journal > EIA: US crude inventories up 200,000 bbl
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
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.