Pa. impact fee revenue expected to see increases
Monday, January 28, 2019
The Pennsylvania Independent Fiscal Office projects natural gas impact fee collections for 2018 will exceed those from 2017 by $37.4 million, according to Trib Total Media.
The agency projects collections on impact fees to total $247 million in 2018. If the projection rings true, it will be the largest annual amount generated, surpassing the 2013 total by $22 million.
The impact fee is the annual fee that the state applies to each new unconventional well drilled into the Marcellus shale. Some of the money is distributed directly to counties to offset the costs of increased drilling activity. Some is made available to individual communities in the form of grants.
Learn more: Trib Total Media > Natural gas impact fee revenue expected to be up this year, agency says
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
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.
What are royalties?
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.