The Independent Fiscal Office Thursday issued a report in response to a request by Sen. Lisa Baker (R-Luzerne) which estimated Pennsylvania landowners received $5.325 billion in natural gas royalties between 2012 and 2016.
The estimated natural gas royalty payments were $20 million statewide in 2006.
The IFO also estimated that about $28 million of the $210 million natural gas severance tax Gov. Wolf proposed would be passed on to landowners receiving royalties.
The IFO developed its estimate from state Department of Revenue income tax information and derived the numbers based on a series of assumptions to income increases in key natural gas producing counties.
The IFO could not estimate the impact of post-production costs natural gas companies deduct from royalty payments since those costs are not published.
The estimate focused on shale gas producing counties of Butler, Bradford, Greene, Lycoming, Susquehanna, Tioga, Washington, Wyoming and made estimates for other counties.
The IFO reported in January Act 13 drilling impact fees that fund public state and local programs related to shale gas and environmental restoration raised an estimated $1,029,594 between 2013 and what is estimated for 2017.
Click Here to download a copy of the report on royalties.
NewsClip:
No comments:
Post a Comment