EIA: Widespread production declines across major shale basins in US
Friday, April 17, 2020
The latest data from the Energy Information Administration’s Drilling Productivity Report shows widespread production declines across every major shale basin in the United States, according to Yahoo Finance.
Declines in oil production between April and May include losses of 76,000 bpd in the Permian, 35,000 bpd in the Eagle Ford, 28,000 bpd in the Bakken, 21,000 bpd in the Anadarko and 20,000 bpd in the Niobrara.
Declines in natural gas production include losses of 326 million cubic feet per day in May in the Appalachian basin, which includes the Marcellus and Utica shale plays, and 216 mcf/d in May in the Anadarko basin in Oklahoma — 3 percent decline in production.
Learn more: Yahoo Finance > U.S. Oil Drilling Grinds to a Halt at Key Shale Hotspots
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.