Royalties

Pennsylvania Case Against Natural Gas Royalty Deductions Derailed by Court Ruling

Pennsylvania Case Against Natural Gas Royalty Deductions Derailed by Court Ruling

The Pennsylvania Supreme Court has ruled that the attorney general (AG) can’t use the state’s Unfair Trade Practices and Consumer Protection Law against natural gas producers in a setback to the AG’s case alleging landowners were underpaid royalties. The state’s high court reversed a lower court’s decision and ruled 6-1 that the law shields only…

March 31, 2021
Permian-Fueled Revenue Lifts Texas Oil, Natural Gas Royalties Near $14B

Permian-Fueled Revenue Lifts Texas Oil, Natural Gas Royalties Near $14B

Lifted by revenue pulled from the Permian Basin in West Texas, the state’s oil and natural gas industry paid $13.9 billion in taxes and royalties in fiscal 2020, or around $38 million/day,  according to a top industry group. Data compiled by the Texas Oil & Gas Association (TXOGA) indicated state energy industry taxes and royalties…

January 14, 2021
E&P Royalty Relief Provided During Pandemic Found Inconsistent, Says GAO

E&P Royalty Relief Provided During Pandemic Found Inconsistent, Says GAO

The Interior Department, which last spring allowed oil and natural gas producers to sharply reduce royalty payments because of Covid-19, failed to evaluate the policy to determine how much relief was needed or how much it would cost, according to the federal government watchdog. The Government Accountability Office (GAO) in a report issued to Congress…

October 7, 2020
Alberta Warns Natural Gas Royalties to Plummet On Pandemic, Pricing Downturn

Alberta Warns Natural Gas Royalties to Plummet On Pandemic, Pricing Downturn

Natural gas royalties for the Alberta government will all but disappear this year as the Covid-19 pandemic finishes off their long decline as the bygone top source of revenue, Finance Minister Travis Toews predicted Thursday. In a new treasury forecast, gas receipts plummet to C$77 million ($58 million) in for fiscal year 2020-2021, which began…

August 28, 2020

Texas Natural Gas, Oil Industry in FY2019 Generated $16B-Plus in Taxes and Royalties

The natural gas and oil industry in Texas paid more than $16 billion last year in combined state/local taxes and in royalties, the highest in history, according to the Texas Oil & Gas Association (TXOGA).

January 16, 2020

Chesapeake Convinces Federal Court to Toss Ohio Class Action Lawsuit

A Chesapeake Energy Corp. subsidiary has for now fended off a class action lawsuit brought by landowners in Ohio that alleged that the company underpaid royalties.

October 1, 2019

Pennsylvania Natural Gas Royalty Payments Rebound from 2016 Lows

Natural gas royalties in Pennsylvania exceeded $1 billion in 2017, the latest period for which data is available, while payments made in 2018 are projected to be even higher, according to the state’s Independent Fiscal Office (IFO).

September 24, 2019

North Dakota Supreme Court Sides with State in Newfield Royalties Case

The North Dakota Supreme Court has sided with the state in a ruling against Newfield Exploration Co., now part of Encana Corp., which it said had underpaid oil and gas royalties.

July 17, 2019

In Another Win for Pennsylvania AG, Royalties Lawsuit Advances

A Pennsylvania appellate court handed the state attorney general’s (AG) office a victory last week, finding that it may move ahead with a wide-ranging lawsuit against Chesapeake Energy Corp. and Anadarko Petroleum Corp. for deceptive business practices.

March 20, 2019
Texas Oil, Natural Gas Royalties Climb 18% in 2018

Texas Oil, Natural Gas Royalties Climb 18% in 2018

The oil and natural gas industry paid Texas $2 billion in royalties in 2018, up 18% year/year, with most of the money directed to fund public schools and higher education.

January 18, 2019
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