Tuesday, January 29, 2013

Key Fact: Gas Royalty Checks Total $1.2 Billion In PA

Gas royalty checks in Pennsylvania added up to a cool $1.2 billion in 2012, according to the AP.
news.yahoo.com/billions-gas-drilling-royalties-transform-lives-150830350.html.

For some, the gas royalty check has been the difference between struggling to make it and stability or even the difference between losing the farm and keeping it.  At a minimum, it has been a huge shot in the arm for thousands of Pennsylvania landowners and the communities where gas drilling is concentrated.

While $1.2 billion in royalty checks is real money and a boost, the AP correctly notes that it is not enough to transform the Commonwealth's $500 billion annual economy.

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