Gas Wells in PA Up; Revenue to Towns Down

Gas Wells in PA Up; Revenue to Towns Down

While the number of natural gas wells in Pennsylvania increased by 26% to 5,500 this year, revenues from fees to municipalities are down.  The culprit? The low price of natural gas.  But in rosier news, gas prices have increased 50% to almost $4.00 from about $2.00 last August.

This entry was posted in Hoyt Royalty News and tagged , , , , by cberl. Bookmark the permalink.

About cberl

Chris Berl is President and CEO of Berl's Commercial Supply and Managing Director of Both companies specialize in the sales of drinking fountains, commercial restroom accessories such as hand dryers and other commercial building fixtures. Chris is also a Director at Hoyt Royalty which is a family run enterprise managing mineral rights in the Marcellus Shale region of Pennsylvania.