Legislative Update: House to vote on bill to Limit Landowner Royalty Deductions
The state House Environmental Resources and Energy Committee has approved HB 1684, a bill aimed at clarifying Pennsylvania's Guaranteed Minimum Royalty Act of 1979.
The measure, which would apply to all existing and future leases, would limit an operator's ability deduct post-production costs from the landowner's royalty, such that the lease would not be valid if the resulting royalty is less than 12.5 percent. It would not, however, allow for retroactive recalculation or repayment of past royalties.
Forced Pooling Hearings Delayed
Back in October
, we told you about Hilcorp
's efforts to force pool unleased acreage in Lawrence and Mercer Counties. In December, the Pa. Environmental Hearing Board dismissed the case for lack of jurisdiction. The Pa. DEP had scheduled a special two-day hearing in Lawrence County to gather input from stakeholders for 3/25 and 3/26, but postponed last week to ensure all people affected were notified of the hearings. No new hearing date has been announced.
Reminder: Join us at Eleven
You and Lindhome & SongsterWHAT:
Cocktails and Hors d'oeuvresWHEN:
Next Thursday (April 10), 5:30 to 7:30WHERE:
Eleven Contemporary Kitchen (just around the corner from the Convention Center, 1150 Smallman Street)
NAPE East is a great time for us to catch up with clients and colleagues and to make new connections. This year, we invite you to join us at once of our favorite spots in Pittsburgh: Eleven Contemporary Kitchen