Pro-Landowner Royalty-Deduction Bill Passes Out of Committee: See how they voted (HB1684)

Yea votes stand with the land owners of Pennsylvania, Nays do not!!!! We landowners need to support those who support us. We cannot forget these people who fight for what's right for the people of Pennsylvania. The fight isn't over yet.

Let's thank Rep. Garth Everett for sponsoring this legislation

Phone: (717) 787-5270
E-Mail: geverett@pahousegop.com

 

 

http://www.legis.state.pa.us/cfdocs/legis/RCC/PUBLIC/listVoteSummar...

Views: 14837

▶ Reply to This

Replies to This Discussion

Permalink Reply by Michael on March 18, 2014 at 3:49am

So what exactly are these crooks up to, trying to screw us on royalties? I can see why all the drilling is going on in Ohio.

Permalink Reply by Keith Mauck (Site Publisher) on March 18, 2014 at 3:58am

Michael, here an article discussing it.

We have been discussing this issue for a couple years now. However, it seems to be getting some national traction as of late. From Tom Fowler's piece in the WSJ:

The company's deductions have caused such an uproar that state legislators have introduced a bill to clarify the current law's somewhat vague language about royalty payments and reinstate the 12.5% minimum. The Environmental Resources and Energy Committee of the state's House of Representatives is scheduled to hold a hearing on the bill this month.

In a letter to Gov. Corbett last month, Chesapeake Energy Chief Executive Doug Lawler said most of the company's Pennsylvania leases allow for deductions. When royalty disputes arise, the company tries to reach a deal with landowners if it can, his letter said, as it did last year by settling a class-action lawsuit over one kind of deduction.

Larry Moffett, a lawyer representing landowners in the lawsuit, said the settlement will cost Chesapeake $7.5 million by current estimates, but that the figure will probably rise, depending on how many landowners join the suit and are eligible for reimbursements. It could ultimately cover several thousand people, he said.

http://shaleforum.com/forum/topics/chk-s-royalty-payment-practices-...

Permalink Reply by daniel cohen on March 18, 2014 at 4:13am

Michael, this may be old hat to you, but on the offchance that you may have missed it, you may wish to check this out:

There are 2 articles detailing the specifics of the many ways that CHK does its thing (Legal theft or contract dispute).

 

Permalink Reply by PHILIP ANGELO on March 18, 2014 at 4:10am

This vote need to be posted and re-posted so the poeple of P.A know who is fighting for them! I would like to commend Garth Everett and all the Representative who stood up for whats right for the people of P.A their job is to protect us!!

Permalink Reply by Debra Lynn Pennell on March 18, 2014 at 4:44am
Does this affect mineral owners or not? I own some minerals in Greene county, Pa. Thanks. Debra Pennell
Permalink Reply by PHILIP ANGELO on March 18, 2014 at 8:39am

Debra, of course this affect any and all property owners in the state of P.A. it means you will get your fair share for your minerals!!

 

Permalink Reply by wyalusing jim on March 23, 2014 at 3:46am

sure, elect all democrats.

one thing that will accomplish for certain is that there will be a severance tax on our royalties.

an extra 5-7% in deductions on top of what the gascos take.

yeah, that makes sense doesn't it?

wj

Permalink Reply by PHILIP ANGELO on March 23, 2014 at 4:36am
Permalink Reply by daniel cohen on March 23, 2014 at 9:05am

Thank you Philip,

Very interesting and concise.

Dan

Permalink Reply by Darlene Newton on March 23, 2014 at 9:22am

I am not the only person that used the word Screwing!  

Permalink Reply by daniel cohen on March 23, 2014 at 9:14am

WJ,

What would you propose? Darlene is going the petition route. What are you recommending?

Dan

Permalink Reply by PHILIP ANGELO on March 18, 2014 at 8:44am

Jim, this is not a constitutional issue the law was there to protect the people. Some company just interpreted the way they see fit. It was put in place from day one to protect the people.! 

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service