Pennsylvania feels impact of low natural gas prices
Monday, February 1, 2021
Pennsylvania’s state agencies and local governments are starting to feel the impact of low natural gas prices and little new drilling as they rely on funding from these activities, according to The Morning Call.
Pennsylvania’s conservation and environmental protection departments are already warning of significantly less revenue from natural gas royalties and drilling permits.
Simultaneously, low natural gas prices are projected to drive down total impact fees assessed on Pennsylvania’s shale gas wells by $56 million — to a record low of $145 million.
Learn more: The Morning Call > Pennsylvania beginning to feel hurt from natural gas price drops
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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.