Permitting rises from January to February
Friday, March 24, 2023
Permitting rose 8% month-over-month in February, however, decreased from the same time period a year prior, according to Natural Gas Intelligence.
Evercore data reported 2,929 permits issued in February, which was an increase of 211 permits from January. However, the numbers were down 8.8% from February 2022.
In the Marcellus Shale, permitting rose by 199 permits, increasing 151%. The Marcellus Shale accounted for 7% of all permits issued last month.
Learn more: Natural Gas Intelligence > Lower 48 Oil and Natural Gas Permitting Rises, but Not Everywhere
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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.