North Carolina shale gas drilling on hold while prices are low
Friday, February 5, 2016
Shale drilling in North Carolina and off the state’s coast isn’t likely for the time being because of low natural gas prices.
Charlotte Business Journal reports that at the recent Leadership North Carolina Forum, industry experts said that North Carolina’s Deep River shale field — which, in comparison to the Marcellus and Utica shale plays, is smaller — could have potential, just not while prices are low.
Other energy industries in the state, like renewable solar energy, are predicted to develop. In addition, North Carolina could benefit from the Atlantic Coast Pipeline, which will open up new markets for shale gas in Virginia and North Carolina.
Via: Charlotte Business Journal > Experts Don’t look for gas rigs — on-shore or off — in N.C. anytime soon
More about the Atlantic Coast Pipeline:
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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.