Mar 11, 2015 2 min read

Penn State Extension will host a workshop entitled “Shale Mineral Management: Understanding Your Royalty Check,” Tuesday at the 4-H Building at Greene County Fairgrounds.

The same program will be offered at two different times. The first will be from 2 to 4 p.m. and the second will be from 6 to 8 p.m.

The workshop could help landowners who are receiving royalty checks and who do not fully understand how the current trends and production figures mesh with their royalty payments. It also may help anyone who has questions on how to interpret the information provided on royalty stubs.

Dan Brockett, a Marcellus education team educator with Penn State Extension and Bud Shuffstall, senior vice president and senior oil, gas and mineral officer at Northwest Savings Bank will provide a comprehensive program to help royalty owners understand how current drilling production and utilization trends can affect their royalties.

The team will also provide great insight for landowners on the process of relating operations to royalties. Important mineral management resources available to the landowner to assist in reviewing their lease and royalty payments will be discussed.

Experts will help to unravel the mystery of royalty pay stubs, a high interest topic for many landowners.

The program sponsor, Northwest Savings Bank, will also have representatives on hand to help answer questions.

The workshop is a must for landowners who are receiving royalty payments or are involved in an active unit of the shale play and seek a better understanding of how their royalty payments are calculated and other factors considered in the determination of payment.

The program is free, however seating is limited and registration is required online at http://extension.psu.edu/naturalgas/events or by calling 570-320-4429.

Questions regarding the content of the program may be addressed to Dan Brockett at dlb14@psu.edu or to Carol Loveland at cal24@psu.edu or at 570-320-4429.