S&P issues ratings and outlooks for shale producers
Friday, February 19, 2016
Low commodity prices and the supply glut haven’t helped oil and gas companies.
Pittsburgh Post-Gazette PowerSource reports that about half of U.S. oil and gas companies have a D- rating according to Standard & Poor’s Ratings Services, which means that they are in default.
Several Marcellus shale producers, including Range Resources Corp. and Southwestern Energy Corp. were given negative outlooks by the Standard & Poor report. Others, like EQT Corp. and Rice Energy, were given stable outlooks.
Via: Pittsburgh Post-Gazette PowerSource > Ratings agencies reevaluate energy companies as commodity prices slide
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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.