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PA: Now That's A Royalty Number

By Greg Russell

The Towanda Daily Review is reporting that royalties in Bradford County, PA, have reached $160 million:  "So far, Marcellus Shale gas production has generated $160 million in royalties for land owners in Bradford County, a Penn State Extension educator said at a recent public meeting in Wysox Township. *** And the number of royalty recipients will continue to grow, since there have been 1,856 gas wells drilled in the county, but only 512 of those wells are producing gas commercially, said agronomy educator Mark Madden of Penn State Extension."

Nice.

Tags: Energy

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