US rig count climbs three during week ended Aug. 6
Wednesday, August 11, 2021
The United States rig count climbed three during the week ended Aug. 6, 2021, according to Baker Hughes data.
The U.S. gained two oil rigs and one miscellaneous rig for 491 active rigs total. The count is up from 247 rigs during the same period in 2020.
Additionally, there are 387 active oil rigs currently, which is up from 176 a year ago. Natural gas rigs sit at 103, compared to 69 a year ago.
Learn more: Natural Gas Intelligence > U.S. Natural Gas Rig Count Static, but Lower 48 Oil Drilling Climbs
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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.