Natural gas impact fees to hit record high in Pennsylvania
Thursday, November 3, 2022
Pennsylvania natural gas impact fees are expected to set a new record this year, driven by rising prices and more drilling, according to The Center Square.
A new estimate from the Independent Fiscal Office showed impact fees from natural gas wells totaled $275 million in 2022, which is $40 million higher than in 2021.
The increase in revenue is mostly the result of a rise in natural gas prices, which created higher per-well fees. Higher prices led to $34.7 million more in revenue. New wells played a smaller role, resulting in $5.7 million more in revenue.
Learn more: The Center Square > Pennsylvania natural gas impact fee collection to hit record-high $275M
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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.