Halliburton, Baker Hughes call off merger
Thursday, May 5, 2016
A merger between Halliburton Co. and Baker Hughes Inc. has been called off, Reuters reports.
Both U.S. and foreign antitrust regulators opposed the merger. A combination of regulatory approvals and industry conditions led to the decision to end the deal, according to the source.
In November 2014, Halliburton acquired Baker Hughes for $34.6 billion. Halliburton will pay Baker Hughes a “breakup fee” for calling off the merger.
Read more: Reuters > Halliburton and Baker Hughes scrap $28 billion merger
Related: Halliburton buys Baker Hughes for $34.6 billion — Nov. 19, 2014
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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.