Pa. House advances legislation to ensure oversight of conventional oil, gas industry
Friday, June 5, 2020
The Pennsylvania House recently advanced legislation that seeks to ensure responsible oversight of the conventional oil and gas industry, aiming to protect the environment and safeguard industry stability within the Commonwealth, according to the Pennsylvania Business Report.
Senate Bill 790, sponsored by state Sen. Joseph B. Scarnati (R-25), would enact the Conventional Oil and Gas Wells Act to oversee the conventional, shallow-well oil and gas industry. It does not seek to protect unconventional, deep-well drilling in the Marcellus shale.
The legislation is the latest step in a long battle to stop the Pennsylvania Department of Environmental Protection from applying regulations, intended to address the more impactful unconventional industry, to smaller, conventional operations.
Learn more: Pennsylvania Business Report > House advances legislation ensuring oversight of conventional gas, oil industry
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.