Rig count falls by nine
Tuesday, April 26, 2016
According to Oil & Gas 360, U.S. land rig counts fell by 2 percent in the last week to 431. Data published April 22 shows that there are nine fewer rigs than the April 15 count. Eight of the nine rigs laid down were oil rigs.
The source reports that three of the nine rigs were horizontal, three were vertical and three were directional.
Data from Baker Hughes’ Interactive US Rig Count on April 25 showed that during this last year, there were 501 more rigs operating.
Read more: Oil & Gas 360 > U.S. Land Rig Count Falls to 431
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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.