Forecast of the Potential Impact of Increased Royalty Income on the Pennsylvania Economy, 2008-2011
1 Pages Posted: 4 Oct 2009
Date Written: June 19, 2008
Natural gas distributed throughout the Marcellus black shale in northern Appalachia could boost proven U.S. gas reserves by trillions of cubic feet. A recent Pennsylvania Public Broadcasting television program explored issues and opportunities faced by landowners navigating the legal and practical issues of leasing their land for natural gas exploration and extraction. In return for lease rights, parties recovering gas customarily pay landowners royalties, which are agreed upon shares of the value of gas lifted from natural deposits.
Keywords: increase royalty income on PA economy
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