Northeast Ohio sees lowest natural gas prices in 35 years this month
Monday, November 16, 2015
For Northeast Ohio customers enrolled in Dominion East Ohio’s Standard Choice Offer, natural gas will be at its lowest since 1980.
According to The Plain Dealer, this month’s price is $2.05 per 1,000 cubic feet (Mcf). This price will continue until Dec. 10. Compared to November 2014, this price is about half of what it was a year ago.
For Columbia Gas of Ohio customers, natural gas will cost $3.32 Mcf. This is due to the supply glut, which has kept gas from getting to Columbia’s pipelines.
Via: The Plain Dealer > Dominion East Ohio November gas prices lowest in 35 years
Related: Prices at Ohio pumps expected for remainder of 2015
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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.