West Virginia production slows during natural gas slump
Wednesday, January 21, 2015
Fewer trucks are driving through Tyler County, West Virginia, and pump jacks for oil wells aren’t working 24/7 like they once did. According to The Montgomery Herald, most drilling companies have sent their crews home for now.
The economy is in good shape even though cheap natural gas is pushing prices downward. Lower natural gas prices have affected small businesses, and if prices dip further, even big companies will feel the sting.
In terms of demand, almost half of U.S. homes are heated with natural gas. If this winter ends up like last year’s, the natural gas industry could improve.
Via: The Montgomery Herald > Natural gas glut puts brakes on West Virginia’s boom times
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What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
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Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.