US crude inventories increase 4.1 million bbl during the week ended Jan. 27
Monday, February 6, 2023
U.S. crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 4.1 million bbl during the week ended Jan. 27, according to U.S. Energy Information Administration data.
U.S. crude inventories currently sit at 452.7 million bbl, which is 4% above the 5-year average for this time of year, according to Oil & Gas Journal.
Additionally, total gasoline inventories increased by 2.6 million bbl — 7% below the 5-year average for this time of year — and distillate fuel inventories increased by 2.3 million bbl — about 17% below the 5-year average for this time of year.
Learn more: Oil & Gas Journal > EIA: US crude inventories up 4.1 million bbl
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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.