US natural gas rig count adds six units last week
Wednesday, January 25, 2023
The U.S. natural gas rig count increased six units to 156 during the week ended Jan. 20, according to Natural Gas Intelligence.
However, despite the increase in natural gas-directed drilling, oil-directed drilling posted a 10-rig decline and the combined count fell four units to 771, according to the latest figures from Baker Hughes.
The combined 771 active drilling rigs are still ahead of the same time a year earlier when there were only 604 active drilling rigs.
Learn more: Natural Gas Intelligence > U.S. adds six natural gas rigs as oil count pulls back
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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.