PA Gov Corbett Signs Back-Door Forced Pooling Bill into Law

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lipstick on a pigIt's sad for us to have to report this, but PA Gov. Tom Corbett has signed a bill into law that's bad for PA's landowners. MDN told you about Senate Bill SB259 last week (see New PA Royalty Bill SB259 Faces Opposition from NARO). While the bill has some very good things for landowners in it (more transparency with items deducted from royalty checks), there's one last minute addition that's a big problem: There's language that allows landowners with older leases to be pooled with others, putting them at a disadvantage--they can't renegotiate their lease for a better deal. It's a bad deal for landowners. No matter how much lipstick you put on this pig (see Corbett's statement below), it's still a pig...

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