PA Landowners Gas Royalties
AP--A bill that would limit the ability of natural gas exploration companies to deduct costs before paying royalties to Pennsylvania landowners has the approval of a state House committee.
The bill passed the House Environmental Resources and Energy Committee on Monday, 15-to-10.
Under the bill, companies could deduct post-production costs, but a landowners' royalty payment couldn't go below one-eighth of the gas sale proceeds in the commercial market.
It would apply to existing and future drilling leases.