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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Permalink Reply by Robin Fehrenbach Scala on June 14, 2010 at 2:35pm
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.
Permalink Reply by BuckinghamGasMan on June 14, 2010 at 2:42pm
Yes, but what is the minimum royalty that the State allows? Is it also 12.5% ?
Permalink Reply by Kris Park on June 22, 2012 at 3:23am

NYS, like PA, has a state wide 12.5% minimum royalty due to the owner of the mineral rights. 

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