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Proposals intend to protect royalty owners

October 4, 2013

Local state congressmen have introduced bills to address concerns of natural gas leaseholders. State Rep. Garth Everett, R-Muncy, and state Sen. E....

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(11)

andy33

Oct-04-13 7:20 AM

Francine..."As described"...is the key. Keep in mind, the SG has a habit of misrepresenting facts and can't be relied on for too much factual information!

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CitizenSane

Oct-04-13 8:35 AM

State Rep Garth Everett and State Senator Gene Yaw, bent o0ver backwards promoting this industry, touting them as the financial savior for PA. They did this in spite of all the evidence to the contrary in other states, and to the absence of any facts. They trusted the gas industry, now they want us to trust them. Everett's bill will never pass, and he knows it. It's an "I tried" tactic. Yaw already stated many times that it would not be possible to go back and alter preexisting contracts.

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rick424

Oct-04-13 8:57 AM

I love this article. So full of "I told you so" moments. We'll I guess it is time for government to fix it, and these guys want to be self regulated. Can you just imagine the what is going on with the environment when we are not looking?

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BornHere

Oct-04-13 1:12 PM

Royalty owners SHOULD have been protected all along that is why we VOTE for these Representatives to watch over us, but instead they were to busy playing games with this industry and FILLING their pockets at the landowners expense.

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mahs81

Oct-04-13 2:46 PM

Do you people read: "The 1979 law guarantees leaseholders one-eighth of their royalty payments, but doesn't specifically mention post-production costs, Everett said, so gas companies are dipping into the royalty payments to help cover post-production costs."

Everett's bill, proposes to define that 1/8th is 1/8th of what comes out of the ground before it leaves the property and not 1/8th of whatever the company chooses it to be. In other words, some are getting 1/8th of something while others are getting 1/8th of something else when they all should be getting 1/8th of the same thing.

Laws are written in a period of time and are amended over time so they are up to date with the current time. We are now in a time when the law is not specific enough so it needs amended to make it clear what 1/8th of what means.

Kind of like why we have amended the Constitution a time or two since it was first written.

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CTMopar

Oct-04-13 5:02 PM

A day late and a dollar short!!!

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ToTEXASfromPA

Oct-04-13 8:10 PM

Maybe the gas companies should be required to put a tee fitting somewhere downstream of the wellhead so the royalty owners can take their 1/8th to market place to maximize their profits. This would give them a chance to negotiate their best deal for their portion of the gas production.

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CTMopar

Oct-04-13 8:46 PM

Maybe the gas companies should be required to put a tee fitting somewhere Didn't they already do that???

downstream of the wellhead so the royalty owners can take their 1/8th to market place to maximize their profits. This would give them a chance to negotiate their best deal for their portion of the gas production.

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ToTEXASfromPA

Oct-05-13 8:28 AM

CTMopar, it is not uncommon for partners in a well to sell their share of their gas from a well to different customers or fulfill different contract commitments. Maybe the royalty owner ought to be allowed to sell their 1/8 portion of their gas to maximize their own profit potential. That is why I said put the tee in so they have the freedom to take their split of the flow.

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fromtheport

Oct-05-13 4:55 PM

Lets run the gas companies outta this town, and along with it, the only jobs left in this area so we can all go back to our peaceful lives working for min wage at walmart and mcdonalds.

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FortySixand2

Oct-06-13 10:28 PM

In case anyone hadn't noticed, the gas companies and their support services companies have nearly disappeared. I moved home to the area by taking a job in the gas field. Nearly 3 years later, after spending the past year in a feast or famine mode trying to survive, I've left the gas job for a local one. As for the royalty being at 12.5%, any existing contract must comply with the law, not the opposite, as Sen. Yaw had previously suggested. It was totally disingenuous on his part to state that idea to begin with. It is quite obvious that the law needs clarification. That's where we see who'll stand by the local landowners or take the side of these energy behemoths.

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