DCNR Says PA May be Getting Shorted on Royalties for State Land
Before he left office, Pennsylvania Democrat Gov. Ed Rendell leased all of the state-owned land he could for gas drilling before he hypocritically slapped a moratorium on any further such leasing for his Republican successor, Tom Corbett. Turns out old Ed is crazy like a fox. PA not only got whopping big money from signing bonuses that Ed used to plug big holes in his overspending budgets, but now the state regularly receives $10 million PER MONTH in royalty revenues from all of that leasing. Thanks Ed! Just one problem, according to the Dept. of Conservation and Natural Resources (DCNR)–the state may be getting shortchanged on some of their royalty payments. The DCNR won’t say who they think is doing the short-changing. They’re running a full blown review right now…
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Not much to report on this, thankfully. MDN has told you in the past one of the most under-appreciated stories we know of is that the only Proctor & Gamble manufacturing plant out of their 150 plants worldwide that is 100% energy self-sufficient is a plant in Wyoming County, PA–near Wilkes-Barre in northeast Pennsylvania (see
Antero Resources said on Monday it will lay off more than 250 contract land brokers operating in West Virginia, Ohio and Pennsylvania. The layoffs will not affect any Antero employees–only contract workers (landmen and others) who work to get leases signed, sealed and delivered for future drilling. Antero blames the low price of oil, which causes the price they get for their Marcellus/Utica natural gas liquids to be low, which means they’ll stick to drilling on the half million plus acres they already have under lease…