Marcellus shale may be largest US gas field, but production is slowing down
Friday, December 4, 2015
Reuters reports that while a fifth of the United States’ natural gas supply comes from the Marcellus shale, the drilling boom is over.
Industry and government predictions for next year were that production would increase, but Reuters says that other data predicts a slump.
The number of rigs operating in the Marcellus shale dropped from 76 in September to 68 in October. Gas prices have dropped and drilling companies are holding back on production already. Some companies have cut staff to make up for money lost in production.
Via: Reuters > America’s biggest gas field finally succumbs to downturn
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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.
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.