New PA Strategy on Post-Prod. Deductions – Bill Defines “Royalty”
Have you ever heard the trite but true phrase, "words mean things"? Never has that been more true than in Pennsylvania and the simple word called "royalty." Somewhere along the way the word "royalty" got watered down and changed. A new bill being introduced by PA State Rep. Eric Davanzo (Republican from Westmoreland County) will clear up the confusion and bastardization of the term royalty, making it easy for everyone to know what can and cannot be deducted from royalties with respect to oil and gas leases.
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