Helping Clients With Their Energy and Environmental Needs


PA: Landowner Royalties Exceed $1B

By Greg Russell

The Houston Chronicle is reporting that landowner royalties in Pennsylvania alone could exceed $1 billion in 2012:  "In Pennsylvania alone, royalty payments could top $1.2 billion for 2012, according to an Associated Press analysis that looked at state tax information, production records and estimates from the National Association of Royalty Owners. *** For some landowners, the unexpected royalties have made a big difference. *** 'We used to have to put stuff on credit cards. It was basically living from paycheck to paycheck,' said Shawn Georgetti, who runs a family dairy farm in Avella, about 30 miles southwest of Pittsburgh."

Read the whole thing - particularly if you're interested in how it effects state economies as a whole.  Very interesting.

Tags: Energy, Royalty

Helping clients with their energy and environmental needs

You can expect to find news and breaking legal developments involving the crude oil and natural gas industries, alternative and renewable energy resources, and the latest environmental issues.