US proposes rule to limit methane leaks on public lands
Wednesday, November 30, 2022
Earlier this week, the U.S. Interior Department proposed new rules to reduce methane leaks from oil and gas drilling on public lands, according to CNBC.
The Interior’s Bureau of Land Management would set monthly time and volume limits on natural gas flaring and impose fines for exceeding those limits.
The rules would also require oil and gas producers to develop waste minimization plans, demonstrating the capacity of available pipeline infrastructure for anticipated gas production.
Learn more: CNBC > Biden Interior rule would limit methane leaks, gas flaring from public lands drilling
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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.