Royalties

As promised, Pennsylvania Gov. Tom Corbett did not include a severance tax on Marcellus Shale production in his first budget.

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.

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.

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.

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.

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.

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.

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.

A federal court in Washington, DC, Thursday deferred to the Interior Department’s interpretation of which costs can be deducted when producers calculate royalties owed for the production of natural gas on federal lands.