On September 20, the Independent Fiscal Office released its latest report on natural gas royalties paid to Pennsylvania landowners showing an estimated $1.639 billion in tax year 2018, primarily due to a more than one-third increase in the average spot price over 2017.

Since 2010, the IFO estimates Pennsylvania landowners will have received over $9.815 billion in natural gas royalties, including any “signing bonus” payments landowners may have received.

In order of production, these counties have nearly 90 percent of the total state natural gas production in Pennsylvania for 2017-- Susquehanna, Washington, Bradford, Greene, Lycoming, Wyoming, Tioga and Butler. A significant portion of the royalties would be paid to landowners in these counties.

Click Here for a copy of the report.

NewsClips:

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[Posted: September 23, 2019]

9/30/2019