U.S. Shale gas production will go through Marcellus, Utica plays for decades
Thursday, September 15, 2016
The Utica and Marcellus shale gas plays are expected to account for over half of U.S. total shale gas production by 2040, the U.S. Energy Information Administration reported on Aug. 22.
Both Appalachian shale gas plays have shallower geologic formation depths and proximity to consuming markets, making them favorable sites for production. This is also why they have been resilient to low natural gas prices.
They are projected to produce more than 40 Bcf/d by 2040.
Learn more: U.S. Energy Information Administration > Future U.S. tight oil and shale gas production depends on resources, technology, markets
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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.