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cutiecat565 t1_j3pftii wrote

Depends on their contract, the amount of gas under their property, and supply/demand. No way to know.

And they are already likely very loaded. When I used to taxes my one client had gas land and would get $800-1 mil a year.

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Matt-33-205 t1_j3pgw8i wrote

Those property owners are relatively rare. You would have to own a large farm or similar property with multiple high producing wells to yield $1 million annually in royalties. They definitely exist, I can confirm that fact.

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j428h t1_j3pl1oa wrote

Marcellus Shale, what does he look like?

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Alternative-Flan2869 t1_j3qbh7w wrote

Isn’t the first year the sweetest $$$ spot and the rest not that amazing?

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Major_Bother8416 t1_j3qd0u4 wrote

No way to know for sure. How much they take is directly tied to demand and limited by how much gas is down there. The wells I’ve seen only lasted about 10 years, but it’s not uncommon for them to come back 30-80 years later and re-drill the same land for different products. Our gas wells are on top of old oil wells.

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brodad12 t1_j3rqkf2 wrote

That is helpful, says 60-80% drop after first year, that's a bit disappointing. It isn't my money after all but my family member is currently getting $25ish k a month but it sounds like that will def taper off.

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Wild_Box9005 t1_j3s70ii wrote

My family receives over 400k a year, they have for the past 15 years. It gets split into 9 but still a good income just for owning land

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PhillyAccount t1_j46sm5b wrote

Complete side note, but I was looking for some rural 'property' to buy in central PA...just as an escape and a way to return to my roots. Jesus christ everything is so expensive because of shale speculators. Compare land prices in PA to upstate NY (where fracking is banned). It's wild.

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