GMS Petition to Protect Royalties

PROTECT ROYALTY OWNERS: Pass HB 1684 & Clarify the Guaranteed Minimum Royalty Act

Sign the petition - http://www.thepetitionsite.com/120/242/941/protect-royalty-owners-p...

At 10,000 signatures I'm hopping in my car to deliver these in Harrisburg on behalf of GoMarcellusShale.com.

Pass HB 1684 because...

  • The Guaranteed Minimum Royalty Act (Act 60 of 1979) provides royalty owners with a guaranteed minimum one-eighth royalty for oil, natural gas or gas of any other designation in order to protect landowners from unfair or deceptive leases for the recovery of these natural resources.
  • The development of unconventional shale gas wells in the Commonwealth has been accompanied by an effort by some companies to reduce royalties below the statutory minimum by transferring post-production costs to royalty owners. These are costs that are incurred between the wellhead and a final market point of sale and typically include dehydration and transportation. When these expenses are deducted, final payments often result in royalty shares of less than one-eighth.
  • Landowners are fully aware that their mineral rights are valuable, and they expect the companies to compensate them appropriately according to state law.
  • Successful contracts ensure that both the buyers (the energy companies) and the sellers (the landowners) benefit under the terms of the agreement.
  • Oil and gas contracts between private landowners and energy companies also are helping the nation by creating jobs, increasing energy supplies, and improving U.S. energy security.
  • U.S. royalty owners deserve our gratitude and respect. They should be paid fairly for their resources.
  • The Guaranteed Minimum Royalty Act has become muddled and needs consistent and fair enforcement.
  • When we get to 10,000 signatures, I will hop in my car and drive over to Harrisburg and deliver these signatures, in person, to Rep. Garth Everett, the chief sponsor of HB 1684.

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Replies to This Discussion

Permalink Reply by Keith A Williams on March 25, 2014 at 10:11am

Keith,

I will not do this for PA since I live in Ohio, unless that is what you want.

So do you want Ohio people to sign on?

From another Keith!

Permalink Reply by Keith Mauck (Site Publisher) on March 25, 2014 at 10:14am

The goal is 10,000 PA, but please share and sign because this is prob coming to your neck of the woods. Thanks!

Permalink Reply by Billy Park Whyde on March 30, 2014 at 7:56pm

Done even if from Ohio.

As a great majority of you law makers are attorneys that has no interest in settlement cases at less than 30%,  or from business that has no interest  without 16% interest upon loans, or sales profits of 50% or more a measly .125% royalty for a landowner that pays for his property should not be hard to comprehend!

Permalink Reply by Keith Mauck (Site Publisher) on March 27, 2014 at 4:10am

Update: 275 signatures

Permalink Reply by Nancy LeNau on March 30, 2014 at 2:52pm

Keith, This is Nancy LeNau... I think I already signed....Could you please check ?   My Husband Daniel did sign.   Thanks, Nancy    I sent this on to my friends so they might sign.  Is there anything more I can do to help you ?   

Permalink Reply by PHILIP ANGELO on March 30, 2014 at 10:00am

sign now

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