Pa.'s New 'Oil And Gas Lease Act' Is Here. More To Come?

Law360, New York (August 16, 2013, 1:01 PM EDT) -- Over recent months, the Pennsylvania General Assembly has increased its focus on issues surrounding royalty payments to landowners from oil and natural gas producers.

On July 9, 2013, the governor signed into law the "Oil and Gas Lease Act," requiring further disclosures to royalty owners in the accounting statements that they receive with their checks regarding how those royalties are calculated. The act will require natural gas producers to include 10 different categories of information on periodic financial statements or "check stubs" sent to royalty owners....
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