An extract from a recent AFR article:
"
Second, American farmers and other private landowners own the minerals underneath their land and are paid lucrative access fees and royalties by shale drilling companies to extract the gas.
"It makes life a whole lot easier and will make life a whole lot easier for the grandkids," Texas farmer Bubba Steen told The Australian Financial Review on a visit to his cattle farm a couple of years ago where oil rigs were pumping deep beneath the surface.
"Oil cheques" worth hundreds of thousands – or in some cases millions – of dollars have landed in landowners' letterboxes, though the payments have declined over the past couple of years due to the oil price crash and reduction in drilling rigs.
To boost gas supply, South Australia last week proposed paying landowners 10 per cent of the royalties collected from the underground gas sold from a property where it is being extracted.
Deputy Prime Minister Barnaby Joyce told Fairfax Media at the weekend that a new nationwide scheme to divert a share of government royalties to farmers will overcome furious opposition to coal seam gas in the bush.
Read more: http://www.copyright link/news/lessons-from-the-us-for-australias-energy-crisis-20170318-gv19cb#ixzz4c111RL9C
Follow us: @FinancialReview on Twitter | financialreview on Facebook
"
Watch how fast the farmers abandon the greenies if a regulatory change sweeps through around land access and royalty payments!!
- Forums
- ASX - By Stock
- share price
An extract from a recent AFR article: " Second, American farmers...
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJQ (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.31M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AJQ (ASX) Chart |
Day chart unavailable
The Watchlist
BPH
BPH ENERGY LTD
David Breeze, MD & Executive Chairman
David Breeze
MD & Executive Chairman
SPONSORED BY The Market Online