Obama limits gas flaring at drilling sites
Thursday, December 1, 2016
Midway through November, President Barack Obama issued a rule to limit oil companies that burn off natural gas on public lands, according to the Associated Press.
Energy companies frequently burn off — flare — natural gas at drilling sites because it costs less than oil. According to a government report, about 40 percent of the flared gas could be captured and sold.
The new regulation was put in place to reduce waste and harmful methane emissions from this practice.
However, Congressional Republicans are set on overturning the rule, reasoning that it will drive away jobs from federal lands in the West.
Learn more: Hawii News Now > US finalizes rule to limit gas ‘flaring’ at drilling sites
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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.