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Is there a minimum royalty rate in New York?
In Pa, a gas company must pay 12.5 % (of course there are expenses, blah, blah, blah). My question is, Does NY have a minimum royalty payment that a company has to pay?
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Replies to This Discussion
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Permalink Reply by Robin Fehrenbach Scala on -
Yes, just like PA. There is a bill to increase it. NY also has compulsory integration, where unleased landowners are required to be in a unit and paid for their gas even if they choose not to lease. It can be a little confusing for people, but it basically makes sure landowners don't have their gas stolen from beneath them.
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Permalink Reply by BuckinghamGasMan on -
Yes, but what is the minimum royalty that the State allows? Is it also 12.5% ?
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