NT fracking inquiry: Economic benefit uncertain, Australia Institute think tank warns, page-4

Ravi

I think that this article refers to the US, where Mineral and Petroleum rights are owned by the landowner.

In Australia, the rights are owned by the state and therefore these royalties are paid to the state government, not the land owners. In some areas, SA I understand, there is a move for some of the state royalties to be paid to landowners. This is relatively new in Australia.

Interesting that I have had landowners say to me they don’t want fracking on their land, but would be happy for it to happen if they get a direct royalty from the oil company. Funny how a green ideaology can be sacrificed for the almighty dollar.

In the CSG fields in Qld, landowners do get paid for the land usage, where gas wells are drilled and producing. This income is a handy supplement to the farm income, which can be a bit cyclical at times.

Hope this helps.

AL