Pa. shale gas impact fees raise $251.8 million
Friday, July 5, 2019
Impact fees for payments for natural gas drilling in Pennsylvania will reach a record amount this year, according to the Pennsylvania Public Utility Commission.
The annual fee collected for natural gas wells tapping the Marcellus and Utica shales totaled $243 million for 2018, plus $8.9 million in back fees from companies that had withheld payments for several years while courts decided which low-producing “stripper” wells were exempt from the law.
The nearly $252 million is well above the previous record total of $225.7 million for 2013.
Learn more: Tribe Live > Pa. communities in line to get share of $251.8 million in natural gas fees
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Shale FAQ
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.