Billions in gas-drilling royalties are helping private landowners
By: Associated Press - Texarkana Gazette
Shawn Georgetti pauses on his 167-acre family dairy farm Saturday in Avella, Pa. With royalties from a Range Resources gas well on his property, Georgetti has been able to buy newer farm equipment that’s bigger, faster and more fuel-efficient. Private landowners are reaping b...
PITTSBURGH—Private landowners are reaping billions of dollars in royalties each year from the boom in natural gas drilling, transforming lives and livelihoods even as the windfall provides only a modest boost to the broader economy.