Natural gas royalties “up to 18%”
According to this article from Binghamton Press, New York state landowners (or more precisely, I guess, the owners of mineral rights on the land) are getting “up to 18%” royalties on natural gas revenues. This is in addition to an upfront fee for the mineral rights themselves, in one presumably case amounting to “more than $2400/acre.”
Tags: gas, natural gas, new york state, royalties