Nearly $10B paid to landowners for natural gas royalties in Pa.
Friday, September 27, 2019
Royalties paid to landowners from natural gas extraction in Pennsylvania total roughly $9.82 billion from 2010 through 2018, according to calculations by the state Independent Fiscal Office (IFO), Kallanish Energy reports.
Landowners in the primary eight counties where natural gas is produced accounted for $8.84 billion in royalty payments. Royalty payments made in the remaining natural-gas-producing counties in Pennsylvania totaled $982 million.
“Natural gas royalties have been a catalyst for economic growth while providing a boost to multi-generation family farms and countless other hard-working families and small businesses across Pennsylvania,” said Marcellus Shale Coalition president David Spigelmyer.
Learn more: Kallanish Energy > Natural gas royalties paid in Pa. reach nearly $10B
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What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.