All Blog Posts Tagged 'Royalty' (5)

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 Royalty "Deductions: Do I Have a Claim Against a Gas Company For Improper Royalty Payments?

          An extremely hot issue at the present time involves post-production costs or “deductions” that landowners are seeing subtracted from their gas royalty checks.  Typically, boilerplate Oil and Gas Leases offered to landowners clearly permit the gas company to deduct post-production costs for the cost of producing, gathering, storing, separating, treating, dehydrating, processing, transporting and marketing the oil and gas. 

          In the 2010 Pennsylvania Supreme Court’s…

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Added by Douglas A. Clark, Esq. on February 12, 2013 at 12:00pm — No Comments

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