Scrapbook Photo 02/16/20 - PACD: County Conservation District Accomplishments In 2019: http://bit.ly/2wemKGf
IFO Estimates Landowners Will Be Paid Over $1.6 Billion In Natural Gas Royalties In Tax Year 2018; $9.815 Billion Since 2010
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On September 20, the Independent Fiscal Office released its latest report on natural gas royalties paid to Pennsylvania landowners showing an estimated $1.639 billion in tax year 2018, primarily due to a more than one-third increase in the average spot price over 2017.

Since 2010, the IFO estimates Pennsylvania landowners will have received over $9.815 billion in natural gas royalties, including any “signing bonus” payments landowners may have received.

In order of production, these counties have nearly 90 percent of the total state natural gas production in Pennsylvania for 2017-- Susquehanna, Washington, Bradford, Greene, Lycoming, Wyoming, Tioga and Butler. A significant portion of the royalties would be paid to landowners in these counties.

Click Here for a copy of the report.

NewsClips:

Huba: Report: PA Natural Gas Royalty Payments On The Rise

Allegheny County Towns Fighting For Power To Ban Fracking

The Allegheny Voice: Ohio DNR Documents Show Radioactive Elements In Oil & Gas Brine

Wyoming County Officials Praise Natural Gas Drilling Impact Fees

Caruso: House Republicans Want Energize PA Natural Gas Subsidies, Environmentalists Say No Thanks

[Posted: September 23, 2019]


9/30/2019

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