Magnum Hunter Resources now out of debt
Wednesday, May 18, 2016
In December, Magnum Hunter Resources filed for Chapter 11 bankruptcy protection, but The Intelligencer / Wheeling News-Register reports that the company is now out of the red.
In southeastern Ohio, Magnum Hunter’s subsidiary Triad Hunter has operations in Belmont and Monroe counties, as well as operations in Wetzel and Tyler counties in West Virginia.
Read more: The Intelligencer / Wheeling News-Register > Marcellus and Utica Shale Driller Magnum Hunter Out of the Red
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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.