On the ground, the shale boom is a mixed bag as rural landowners weigh the alternatives of securing lucrative royalties at the cost of their land being part of an oil/gas industrial push that critics contend is threatening local environments and public water supplies. The Los Angeles Times last Sunday profiled the dilemma through a feature on two brothers with dairy farms in the rich Marcellus Shale in western New York.
Royalties
Articles from Royalties
Shell Offshore Pays $25M for Royalty Underpayments
Shell Offshore Inc. has agreed to pay $25 million to resolve claims that it underpaid royalties owed on oil and natural gas produced from federal leases, Interior Department’s Office of Natural Resources Revenue (ONRR) said Tuesday.
January 18, 2012
No Marcellus Tax in Pennsylvania Budget
As promised, Pennsylvania Gov. Tom Corbett did not include a severance tax on Marcellus Shale production in his first budget.
March 9, 2011
Gas Companies Extend Leases, Cite New York Moratorium
Thousands of landowners in New York state, who have received notice that their leases with gas companies are being unilaterally extended, have been given an added bonus: a French lesson.
March 3, 2011
Encana BC Shale Deal Rumored to be Near
A decision by Encana Corp. to pull out of an investor conference this week ramped up rumors that the natural gas giant may be close to a joint venture agreement with China National Petroleum Corp. (CNPC) to develop its vast British Columbia (BC) shale holdings.
January 18, 2011
Royalty Underpayment Alleged in Barnett Shale
A Barnett Shale landowner is suing units of Chesapeake Energy Corp. alleging underpayment of royalties via a scheme involving gas sales to an affiliate at less than full value. The lawsuit seeks class action status.
October 5, 2010
Barclays: Alberta Gas Too Costly, Even With Royalty Relief
When it comes to royalties, less is more as far as producers are concerned. But a proposed restructuring of Alberta’s royalty scheme announced earlier this month might not be enough to stem rapid gas production declines in the province, analysts at Barclays Capital warned recently.
March 22, 2010
Barclays: Alberta Gas Too Costly, Even With Royalty Relief
When it comes to royalties, less is more as far as producers are concerned. But a proposed restructuring of Alberta’s royalty scheme announced earlier this month might not be enough to stem rapid gas production declines in the province, analysts at Barclays Capital warned recently.
March 22, 2010
Barclays: U.S. Shale Undercutting Alberta Production
When it comes to royalties, less is more as far as producers are concerned. But a proposed restructuring of Alberta’s royalty scheme announced earlier this month might not be enough to stem rapid gas production declines in the province, analysts at Barclays Capital warned recently.
March 22, 2010
British Columbia Slashes Royalties as Part of Stimulus
The latest economic stimulus package in British Columbia (BC) has taken the form of slashed royalties on new natural gas wells, according to an announcement Thursday by the provincial government. The move is seen as a way to compete with rival Alberta, which has its own stimulus package for drillers.
August 7, 2009
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