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GasBuddy News Article

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Billions in gas drilling royalties transform lives

AP -- PITTSBURGH (AP) -- Private landowners are reaping billions of dollars in royalties each year from the boom in natural gas drilling, transforming lives and livelihoods even as the windfall provides only a modest boost to the broader economy.
In Pennsylvania alone, royalty payments could top $1.2 billion for 2012, according to an analysis by The Associated Press that looked at state tax information, production records and estimates from the National Association of Royalty Owners.
For some landowners, the unexpected royalties have made a big difference.
"We used to have to put stuff on credit cards. It was basically living from paycheck to paycheck," said Shawn Georgetti, who runs a family dairy farm in Avella, about 30 miles southwest of Pittsburgh.
Natural gas production has boomed


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Submitted Jan 27, 2013 By: mastermariner
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Author Topic: Billions in gas drilling royalties transform lives Back to Topics
REPLIES (newest first) Post a Reply
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WanderDan
All-Star Author Dayton

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Message Posted: Jan 29, 2013 11:28:41 PM

ok
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drpepperTX
Champion Author Texas

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Message Posted: Jan 29, 2013 7:32:46 PM

NHLiverFree, "Not to mention all the liabily property owners take on as well as the threat to their home insurance and mortgages.

What a great fluff piece of propaganda courtesy of the API via AP."
=====================

LOL, envy is one of the seven deadly sins!

Just what threats to home insurance and mortgages do you speak? And liability? That's on the oil and gas producers.
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NedW
Champion Author Indianapolis

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Message Posted: Jan 28, 2013 11:28:30 PM

Thank you for submitting this article, mastermariner.
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endymion
Champion Author New York

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Message Posted: Jan 28, 2013 4:50:22 PM

Great for the landowners, but how much will the public pay for cleaning up the mess?
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scu227
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Message Posted: Jan 28, 2013 8:31:52 AM

ok
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SkooterG
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Message Posted: Jan 28, 2013 2:55:27 AM

Lucky few.
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Jan 27, 2013 11:42:50 PM


Not to mention all the liabily property owners take on as well as the threat to their home insurance and mortgages.

What a great fluff piece of propaganda courtesy of the API via AP.
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Lugi1967
Champion Author Ohio

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Message Posted: Jan 27, 2013 8:49:31 PM

good for economy
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Z51Corvette
Champion Author Austin

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Message Posted: Jan 27, 2013 8:48:14 PM

Sounds great, hope you can keep "BO's" hands out of your cookie jar!
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garman87
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Message Posted: Jan 27, 2013 8:16:59 PM

Good money even for Pennsylvania.
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bobmcl2006
Champion Author Pittsburgh

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Message Posted: Jan 27, 2013 8:13:33 PM

My home sits on old farm land. I do not have the mineral rights. They would have to buy dozens of homes to get their five acres for a well. Go a 1/2 mile and find lots of empty farmland.
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fcdriver
Champion Author Tennessee

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Message Posted: Jan 27, 2013 8:10:43 PM

i wished they would come drill in my back yard
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brprven
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Message Posted: Jan 27, 2013 8:09:37 PM

wish i had some
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rf6480
Champion Author Miami

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Message Posted: Jan 27, 2013 8:09:07 PM

as long as the corporations are paying them and not taxpayers
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nomad228
Champion Author Columbus

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Message Posted: Jan 27, 2013 8:08:48 PM

if they ever receive them.......all. why dont they ask each and everyone who has a contract with the gas companies what they really get for their trouble,and? for their mineral rights.
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carinthuist
Champion Author San Francisco

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Message Posted: Jan 27, 2013 8:08:22 PM

great
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bobmcl2006
Champion Author Pittsburgh

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Message Posted: Jan 27, 2013 8:06:15 PM

To answer an earlier post. Most farms in W PA have been stayed in the family. The mineral rights were never at risk.
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tdc007
Champion Author Lexington

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Message Posted: Jan 27, 2013 8:06:14 PM

Good.
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Barfood
Champion Author St. Louis

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Message Posted: Jan 27, 2013 8:04:26 PM

Guess those local governments that tax real property are winning 'the game' too.
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Carol7777
Champion Author Houston

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Message Posted: Jan 27, 2013 8:02:57 PM

I know it's a boon to the landowners who receive royalties & maybe to surrounding economy. However, I'm still unsure of its long term impact on the environment.
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paulweb
Champion Author Ohio

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Message Posted: Jan 27, 2013 8:01:32 PM

Glad to hear it.
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MrGasKGB
Veteran Author St. Louis

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Message Posted: Jan 27, 2013 8:00:10 PM

Extra revenue from whatever means helps alot!
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bobmcl2006
Champion Author Pittsburgh

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Message Posted: Jan 27, 2013 7:57:48 PM

Really tough to have a working farm. Hope they can keep them working for us to survive!A lot of farmers in W PA have given up b4 this boost. :-(
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tobasco
Champion Author Los Angeles

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Message Posted: Jan 27, 2013 7:52:40 PM

Rental income is always nice.
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ElkManMI
All-Star Author Grand Rapids

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Message Posted: Jan 27, 2013 7:48:17 PM

Good for landowners.
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srchr
Champion Author San Jose

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Message Posted: Jan 27, 2013 7:48:01 PM

i'm surprised the property owner has the mineral rights anywhere these days
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Godozo
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Message Posted: Jan 27, 2013 7:47:21 PM

"For to every one that has shall be given, and he shall have abundance: but from him that has not shall be taken away even that which he has."

And thus has modern America found a way to justify Christians in its midst.
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mplato
Champion Author Columbia

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Message Posted: Jan 27, 2013 7:43:04 PM

yes it does
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Suzzoom
Champion Author Nevada

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Message Posted: Jan 27, 2013 7:41:23 PM

At least it's going to the landowners. In Sicily, according to a news story this morning on NPR, the Mafia is sucking up a goodly portion of the natural gas profits.
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JagXKR
Champion Author British Columbia

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Message Posted: Jan 27, 2013 7:39:48 PM

Oh to have land that is being drilled on, that would make my day. I wish I had land.
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AC-302
Champion Author Los Angeles

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Message Posted: Jan 27, 2013 7:37:30 PM

Oil and nat gas on folks' lands have really helped a whole lot of folks.
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madison8359
Champion Author Cleveland

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Message Posted: Jan 27, 2013 7:37:13 PM

Lots of money.
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swrestler
Champion Author Grand Rapids

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Message Posted: Jan 27, 2013 7:37:10 PM

Good For Them, At Least Someone Other Than Big Oil Is Getting Rich...
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snell snail
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Message Posted: Jan 27, 2013 7:36:27 PM

....good luck!
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Noewal
Champion Author Virginia

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Message Posted: Jan 27, 2013 7:34:57 PM

A true blessing. Be wise with your newfound wealth!!!
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gir1938
Champion Author Indianapolis

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Message Posted: Jan 27, 2013 7:34:44 PM

good for some
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DCbeachbum
Champion Author South Carolina

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Message Posted: Jan 27, 2013 7:34:27 PM

Paying royalties to property owners is a good thing. This is money that will be put into the local economy. It can be invested, saved or some will go to Charities. I don't see anything bad here.
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nozzle46
Champion Author Little Rock

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Message Posted: Jan 27, 2013 7:33:01 PM

Better sock away for retirement.
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MRHONEST
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Message Posted: Jan 27, 2013 7:32:35 PM

SWEET
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Vette1967
Champion Author Albany

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Message Posted: Jan 27, 2013 7:31:33 PM

The new upper middle class. Hope they put that money to good use.
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jnseyeongas
Champion Author Milwaukee

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Message Posted: Jan 27, 2013 7:28:35 PM

I guess I need someone to ckeck for oil in my back yard!
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humblepie
Champion Author Toledo

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Message Posted: Jan 27, 2013 7:28:16 PM

and they loaded up their truck and headed for beverly, hills that is
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SavinOnFuel
Champion Author Gary

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Message Posted: Jan 27, 2013 7:26:26 PM

Wish it was me
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MopedTime
Champion Author Michigan

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Message Posted: Jan 27, 2013 7:18:12 PM

Can they check my backyard for oil?
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REKEY
Champion Author South Carolina

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Message Posted: Jan 27, 2013 7:17:18 PM

They are now the 1%!
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BeatOPEC
Champion Author Indianapolis

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Message Posted: Jan 27, 2013 7:15:37 PM

Good to hear someone getting rich instead of the oil companies.
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seahawks
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Message Posted: Jan 27, 2013 7:14:46 PM

true statement!!!
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dastard57
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Message Posted: Jan 27, 2013 7:14:17 PM

GREAT! WTG PENNSYLVANIA!
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wshokie12
Champion Author Winston-Salem

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Message Posted: Jan 27, 2013 7:12:25 PM

Okay.
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cateyes8264
Champion Author Tennessee

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Message Posted: Jan 27, 2013 7:11:52 PM

Hope they save and invest it wisely for the future.
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