FERC approves part of TransCanada Gulf XPress natgas pipe for service
Wednesday, February 13, 2019
The Federal Energy Regulatory Commission recently approved part of TransCanada’s $600 million Gulf XPress natural gas pipeline for service in Kentucky, Mississippi and Tennessee, according to NASDAQ.
The Gulf XPress pipeline is designed to connect growing output in the Marcellus and Utica shale plays in Pennsylvania, West Virginia and Ohio with customers in the southeast United States and Gulf Coast.
The 0.88-billion cubic feet per day (bcfd) project also includes construction of seven new compressor stations in Kentucky, Tennessee and Mississippi.
Learn more: NASDAQ > U.S. approves part of TransCanada gulf XPress natgas pipe for service
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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.