TransCanada to expand Nova Gas Transmission Line
Thursday, March 8, 2018
Last month TransCanada Corp. announced plans to move forward with the $1.9 billion expansion of its Nova Gas Transmission Line, increasing pipeline access for producers in western Canada’s “gas-rich basins,” according to Reuters.
The Nova Gas Transmission Line moves natural gas from Alberta and British Columbia to markets across North America. The expansion will boost its western Canadian export capacity by 1 billion cubic feet per day.
The expansion will also connect new supplies in the Montney and Duvernay formations, which some producers believe could rival the most prolific U.S. shale fields, including the Marcellus and Utica shale plays.
Learn more: Reuters > TransCanada to proceed with Canada gas line expansion, profit beats
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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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.
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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.