Possible agreement made for producers to curb oil production
Tuesday, February 16, 2016
Today, Russia and Saudi Arabia agreed to curb oil production, but only if other producers join them.
Reuters reports that the proposal was made by Russian, Saudi, Venezuelan and Qatari oil ministers. Iran intends to increase oil output.
The deal intends to curb production during the supply glut, thus steadying and improving the market. According to the source, this would be the first deal between OPEC and non-OPEC members since 2001.
Read more: Reuters > Saudis and Russia agree oil output freeze, Iran still an obstacle
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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.