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Natural Gas Royalties Paid in the Billions

by Kenneth E. DuBose on January 31, 2013

Over $20 billion in natural gas royalties were paid in 2010. That’s the most recent year the NARO has provided statistics. Pennsylvania is the most recent state to splash onto the scene. An estimated $1.2 billion was paid to royalty owners across Pennsylvania in 2012. One company, Range Resources, has paid out over $1 billion in PA by itself since 2008.

Payouts in 2010 were led by the following states:

  1. Texas – $6.7 billion
  2. Wyoming – $2 billion
  3. Alaska – $1.9 billion
  4. Louisiana – $1.75 billion
  5. Oklahoma – $1.6 billion
  6. New Mexico – $1.3 billion
  7. Colorado – $1.2 billion
  8. Arkansas – $668 million
  9. Pennsylvania – $500 million
  10. Utah – $350 million

The revenue is for natural gas production only. I suspect rising oil production is adding to the amount of royalties paid. Also, NARO used an average royalty of 18.75% and the royalties paid include those paid to state and federal governments.

Read more at ap.org

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