All Blog Posts Tagged 'Royalties' (6)

Corbett Signs Controversial Bill Giving Drillers Power To Pool Leases

Governor Corbett signed a controversial bill into law today, giving drillers the power to combine or “pool” leases for horizontal oil and gas drilling.



The legislation was originally promoted as an effort to bring more transparency to the deductions companies take out of royalty payments. Complaints over those deductions lead to a recent Senate hearing on the issue.



An organization representing Pennsylvania’s mineral owners was angered over language added later on, which…

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Added by Robert Goodfellow on July 9, 2013 at 11:27pm — No Comments

Sen. Yaw (Chair Energy Comm. in PA ) to hold public hearing on post-production costs

This is from Sen. Yaw's recent e-newsletter.



"Post-Production Costs Cause Concern

Over the past several weeks, I have been contacted by a number of residents in my Senate District surrounding the confusion of the guaranteed 12.5% royalty in the Oil and Gas Lease Act.



While there is no quick legislative fix, I pledge to support a law which provides clarification to contracts and certainty which landowners seek…
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Added by Robert Goodfellow on June 20, 2013 at 10:59pm — No Comments

Market Enhancement Clauses and Deductions

An extremely hot issue at the present time involves “post-production” costs and “deductions” that are being taken by gas companies from landowner’s royalty checks. Most landowners receiving royalty checks over the last few years have been receiving royalty payments under standard gas company “form” or “boilerplate” Leases. These “form” or “boilerplate” Leases do not seek to…

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Added by Douglas A. Clark, Esq. on August 24, 2012 at 3:43pm — 6 Comments

OIL AND GAS TAX CONSIDERATIONS FOR LANDOWNERS: Managing A Sudden Bonanza

OIL AND GAS CONSIDERATIONS FOR THE LANDOWNER: Managing A Sudden Bonanza by Garrett S. Hoge RFC, CFP, MS



Managing a Sudden Bonanza Oil and Gas Tax Considerations for the Landowner



Marcellus Shale gas drilling is the buzz in Washington County, with Southpointe serving as a vantage point for the tremendous amount of business activity driven by oil and gas producers, equipment manufacturers, and professional services stemming from oil and gas contracts. In fact, more than 50… Continue

Added by Garrett S. Hoge, RFC, CFP, MS on March 21, 2011 at 12:50pm — 4 Comments

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