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?
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.
Robin Fehrenbach Scala
Jun 14, 2010
Kris Park
NYS, like PA, has a state wide 12.5% minimum royalty due to the owner of the mineral rights.
Jun 22, 2012