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Billions in gas drilling royalties transform lives

AP -- PITTSBURGH (AP) -- Private landowners are reaping billions of dollars in royalties each year from the boom in natural gas drilling, transforming lives and livelihoods even as the windfall provides only a modest boost to the broader economy.
In Pennsylvania alone, royalty payments could top $1.2 billion for 2012, according to an analysis by The Associated Press that looked at state tax information, production records and estimates from the National Association of Royalty Owners.
For some landowners, the unexpected royalties have made a big difference.
"We used to have to put stuff on credit cards. It was basically living from paycheck to paycheck," said Shawn Georgetti, who runs a family dairy farm in Avella, about 30 miles southwest of Pittsburgh.
Natural gas production has boomed

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Submitted Jan 27, 2013 By: mastermariner

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WanderDan All-Star Author Dayton Posts:579 Points:140,660 Joined:Nov 2012	Message Posted: Jan 29, 2013 11:28:41 PM Ignore WanderDan Report Abuse ok
drpepperTX Champion Author Texas Posts:8,924 Points:748,960 Joined:Apr 2011	Message Posted: Jan 29, 2013 7:32:46 PM Ignore drpepperTX Report Abuse NHLiverFree, "Not to mention all the liabily property owners take on as well as the threat to their home insurance and mortgages. What a great fluff piece of propaganda courtesy of the API via AP." ===================== LOL, envy is one of the seven deadly sins! Just what threats to home insurance and mortgages do you speak? And liability? That's on the oil and gas producers.
NedW Champion Author Indianapolis Posts:5,594 Points:1,138,245 Joined:Mar 2008	Message Posted: Jan 28, 2013 11:28:30 PM Ignore NedW Report Abuse Thank you for submitting this article, mastermariner.
endymion All-Star Author New York Posts:813 Points:168,680 Joined:Nov 2012	Message Posted: Jan 28, 2013 4:50:22 PM Ignore endymion Report Abuse Great for the landowners, but how much will the public pay for cleaning up the mess?
scu227 Champion Author New Haven Posts:4,130 Points:767,880 Joined:Feb 2011	Message Posted: Jan 28, 2013 8:31:52 AM Ignore scu227 Report Abuse ok
SkooterG Champion Author Phoenix Posts:1,359 Points:326,935 Joined:May 2012	Message Posted: Jan 28, 2013 2:55:27 AM Ignore SkooterG Report Abuse Lucky few.
NHLiveFree Champion Author New Hampshire Posts:11,066 Points:1,618,325 Joined:Jun 2008	Message Posted: Jan 27, 2013 11:42:50 PM Ignore NHLiveFree Report Abuse Not to mention all the liabily property owners take on as well as the threat to their home insurance and mortgages. What a great fluff piece of propaganda courtesy of the API via AP.
Lugi1967 Champion Author Ohio Posts:4,768 Points:998,245 Joined:Jun 2010	Message Posted: Jan 27, 2013 8:49:31 PM Ignore Lugi1967 Report Abuse good for economy
Z51Corvette Champion Author Austin Posts:8,469 Points:1,667,400 Joined:Jan 2008	Message Posted: Jan 27, 2013 8:48:14 PM Ignore Z51Corvette Report Abuse Sounds great, hope you can keep "BO's" hands out of your cookie jar!
garman87 Champion Author Austin Posts:3,243 Points:2,369,755 Joined:Aug 2005	Message Posted: Jan 27, 2013 8:16:59 PM Ignore garman87 Report Abuse Good money even for Pennsylvania.
bobmcl2006 Champion Author Pittsburgh Posts:14,103 Points:2,358,160 Joined:Oct 2006	Message Posted: Jan 27, 2013 8:13:33 PM Ignore bobmcl2006 Report Abuse My home sits on old farm land. I do not have the mineral rights. They would have to buy dozens of homes to get their five acres for a well. Go a 1/2 mile and find lots of empty farmland.
fcdriver Champion Author Tennessee Posts:7,228 Points:1,469,830 Joined:Sep 2008	Message Posted: Jan 27, 2013 8:10:43 PM Ignore fcdriver Report Abuse i wished they would come drill in my back yard
brprven All-Star Author Dallas Posts:629 Points:281,110 Joined:Jun 2012	Message Posted: Jan 27, 2013 8:09:37 PM Ignore brprven Report Abuse wish i had some
rf6480 Champion Author Miami Posts:1,533 Points:545,360 Joined:Mar 2011	Message Posted: Jan 27, 2013 8:09:07 PM Ignore rf6480 Report Abuse as long as the corporations are paying them and not taxpayers
nomad228 Champion Author Columbus Posts:3,117 Points:575,140 Joined:Feb 2011	Message Posted: Jan 27, 2013 8:08:48 PM Ignore nomad228 Report Abuse if they ever receive them.......all. why dont they ask each and everyone who has a contract with the gas companies what they really get for their trouble,and? for their mineral rights.
carinthuist Champion Author San Francisco Posts:2,221 Points:326,010 Joined:Mar 2012	Message Posted: Jan 27, 2013 8:08:22 PM Ignore carinthuist Report Abuse great
bobmcl2006 Champion Author Pittsburgh Posts:14,103 Points:2,358,160 Joined:Oct 2006	Message Posted: Jan 27, 2013 8:06:15 PM Ignore bobmcl2006 Report Abuse To answer an earlier post. Most farms in W PA have been stayed in the family. The mineral rights were never at risk.
tdc007 Champion Author Lexington Posts:1,089 Points:378,650 Joined:Feb 2012	Message Posted: Jan 27, 2013 8:06:14 PM Ignore tdc007 Report Abuse Good.
Barfood Champion Author St. Louis Posts:3,288 Points:1,013,070 Joined:Jun 2009	Message Posted: Jan 27, 2013 8:04:26 PM Ignore Barfood Report Abuse Guess those local governments that tax real property are winning 'the game' too.
Carol7777 All-Star Author Houston Posts:702 Points:143,985 Joined:Dec 2012	Message Posted: Jan 27, 2013 8:02:57 PM Ignore Carol7777 Report Abuse I know it's a boon to the landowners who receive royalties & maybe to surrounding economy. However, I'm still unsure of its long term impact on the environment.
paulweb All-Star Author Ohio Posts:806 Points:353,270 Joined:May 2011	Message Posted: Jan 27, 2013 8:01:32 PM Ignore paulweb Report Abuse Glad to hear it.
MrGasKGB Veteran Author St. Louis Posts:390 Points:141,950 Joined:Dec 2012	Message Posted: Jan 27, 2013 8:00:10 PM Ignore MrGasKGB Report Abuse Extra revenue from whatever means helps alot!
bobmcl2006 Champion Author Pittsburgh Posts:14,103 Points:2,358,160 Joined:Oct 2006	Message Posted: Jan 27, 2013 7:57:48 PM Ignore bobmcl2006 Report Abuse Really tough to have a working farm. Hope they can keep them working for us to survive!A lot of farmers in W PA have given up b4 this boost. :-(
tobasco Champion Author Los Angeles Posts:7,346 Points:2,105,960 Joined:Mar 2004	Message Posted: Jan 27, 2013 7:52:40 PM Ignore tobasco Report Abuse Rental income is always nice.
ElkManMI Veteran Author Grand Rapids Posts:296 Points:593,380 Joined:Aug 2009	Message Posted: Jan 27, 2013 7:48:17 PM Ignore ElkManMI Report Abuse Good for landowners.
srchr Champion Author San Jose Posts:7,228 Points:1,615,075 Joined:Apr 2008	Message Posted: Jan 27, 2013 7:48:01 PM Ignore srchr Report Abuse i'm surprised the property owner has the mineral rights anywhere these days
Godozo All-Star Author Gary Posts:646 Points:554,465 Joined:Dec 2010	Message Posted: Jan 27, 2013 7:47:21 PM Ignore Godozo Report Abuse "For to every one that has shall be given, and he shall have abundance: but from him that has not shall be taken away even that which he has." And thus has modern America found a way to justify Christians in its midst.
mplato Champion Author Columbia Posts:8,229 Points:1,811,270 Joined:Jun 2004	Message Posted: Jan 27, 2013 7:43:04 PM Ignore mplato Report Abuse yes it does
Suzzoom Champion Author Nevada Posts:2,343 Points:501,165 Joined:Jan 2011	Message Posted: Jan 27, 2013 7:41:23 PM Ignore Suzzoom Report Abuse At least it's going to the landowners. In Sicily, according to a news story this morning on NPR, the Mafia is sucking up a goodly portion of the natural gas profits.
JagXKR Champion Author British Columbia Posts:3,134 Points:1,086,855 Joined:Dec 2009	Message Posted: Jan 27, 2013 7:39:48 PM Ignore JagXKR Report Abuse Oh to have land that is being drilled on, that would make my day. I wish I had land.
AC-302 Champion Author Los Angeles Posts:26,541 Points:2,897,345 Joined:Aug 2004	Message Posted: Jan 27, 2013 7:37:30 PM Ignore AC-302 Report Abuse Oil and nat gas on folks' lands have really helped a whole lot of folks.
madison8359 Champion Author Cleveland Posts:8,979 Points:1,589,295 Joined:Apr 2008	Message Posted: Jan 27, 2013 7:37:13 PM Ignore madison8359 Report Abuse Lots of money.
swrestler Champion Author Grand Rapids Posts:6,115 Points:1,567,625 Joined:Oct 2008	Message Posted: Jan 27, 2013 7:37:10 PM Ignore swrestler Report Abuse Good For Them, At Least Someone Other Than Big Oil Is Getting Rich...
snell snail Champion Author Atlanta Posts:5,008 Points:2,595,050 Joined:Feb 2004	Message Posted: Jan 27, 2013 7:36:27 PM Ignore snell snail Report Abuse ....good luck!
Noewal All-Star Author Virginia Posts:650 Points:213,905 Joined:Jul 2008	Message Posted: Jan 27, 2013 7:34:57 PM Ignore Noewal Report Abuse A true blessing. Be wise with your newfound wealth!!!
gir1938 All-Star Author Indianapolis Posts:646 Points:121,685 Joined:Oct 2012	Message Posted: Jan 27, 2013 7:34:44 PM Ignore gir1938 Report Abuse good for some
DCbeachbum Champion Author South Carolina Posts:2,637 Points:901,265 Joined:May 2010	Message Posted: Jan 27, 2013 7:34:27 PM Ignore DCbeachbum Report Abuse Paying royalties to property owners is a good thing. This is money that will be put into the local economy. It can be invested, saved or some will go to Charities. I don't see anything bad here.
nozzle46 Champion Author Little Rock Posts:6,680 Points:1,470,775 Joined:Jul 2006	Message Posted: Jan 27, 2013 7:33:01 PM Ignore nozzle46 Report Abuse Better sock away for retirement.
MRHONEST Champion Author Illinois Posts:2,212 Points:1,673,330 Joined:May 2007	Message Posted: Jan 27, 2013 7:32:35 PM Ignore MRHONEST Report Abuse SWEET
Vette1967 Champion Author Albany Posts:5,947 Points:1,272,000 Joined:Jun 2009	Message Posted: Jan 27, 2013 7:31:33 PM Ignore Vette1967 Report Abuse The new upper middle class. Hope they put that money to good use.
jnseyeongas All-Star Author Milwaukee Posts:740 Points:591,135 Joined:Feb 2011	Message Posted: Jan 27, 2013 7:28:35 PM Ignore jnseyeongas Report Abuse I guess I need someone to ckeck for oil in my back yard!
humblepie Champion Author Toledo Posts:34,062 Points:2,367,370 Joined:Mar 2006	Message Posted: Jan 27, 2013 7:28:16 PM Ignore humblepie Report Abuse and they loaded up their truck and headed for beverly, hills that is
SavinOnFuel Champion Author Gary Posts:1,966 Points:1,254,535 Joined:Nov 2007	Message Posted: Jan 27, 2013 7:26:26 PM Ignore SavinOnFuel Report Abuse Wish it was me
MopedTime All-Star Author Michigan Posts:759 Points:356,485 Joined:Mar 2012	Message Posted: Jan 27, 2013 7:18:12 PM Ignore MopedTime Report Abuse Can they check my backyard for oil?
REKEY Champion Author South Carolina Posts:8,554 Points:1,694,440 Joined:May 2008	Message Posted: Jan 27, 2013 7:17:18 PM Ignore REKEY Report Abuse They are now the 1%!
BeatOPEC All-Star Author Indianapolis Posts:857 Points:197,030 Joined:Apr 2011	Message Posted: Jan 27, 2013 7:15:37 PM Ignore BeatOPEC Report Abuse Good to hear someone getting rich instead of the oil companies.
seahawks Champion Author Washington Posts:3,212 Points:1,960,720 Joined:Sep 2005	Message Posted: Jan 27, 2013 7:14:46 PM Ignore seahawks Report Abuse true statement!!!
dastard57 Champion Author Orange County Posts:3,177 Points:621,055 Joined:Feb 2011	Message Posted: Jan 27, 2013 7:14:17 PM Ignore dastard57 Report Abuse GREAT! WTG PENNSYLVANIA!
wshokie12 Champion Author Winston-Salem Posts:1,300 Points:212,560 Joined:Aug 2012	Message Posted: Jan 27, 2013 7:12:25 PM Ignore wshokie12 Report Abuse Okay.
cateyes8264 Champion Author Tennessee Posts:2,957 Points:640,365 Joined:Jul 2011	Message Posted: Jan 27, 2013 7:11:52 PM Ignore cateyes8264 Report Abuse Hope they save and invest it wisely for the future.