Robert Goodfellow's Blog (4)

US oil and gas boom benefits consumers: ABQ JOURNAL (GREAT ARTICLE! Share w/ a friend)

After years of steadily rising prices, “low-cost fuel” may seem like an oxymoron.

But thanks to a steady surge in domestic oil and gas production, energy experts say consumers could enjoy inexpensive gasoline and natural gas for years to come.…

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Added by Robert Goodfellow on November 19, 2013 at 5:49pm — No Comments

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

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