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Pa. homeowners net $1.2M in gas-drilling royalties

Stock quotes in this article: RRC  

HARRISBURG, Pa. (AP) — A leading company drilling on the Marcellus Shale natural gas formation in Pennsylvania says it handed out nearly $1.2 million in royalty checks last week.

Range Resources Corp. spokesman Matt Pitzarella said Monday the distribution is the first significant royalty the company has paid from its 120-plus Marcellus shale wells.

People in the exploration industry say they haven't yet heard of such a large distribution of royalties from Marcellus shale gas wells in Pennsylvania. ...

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