Importance of Mineral Rights and Royalty Interests for Rural Residents and Landowners
Ownership of mineral rights determines
much of the economic gains from oil and gas development. The gross royalty
receipts were about $31 billion in 2012. How much of the value accrues to local
residents, and the spatial pattern of royalty capture are important questions
asked by policymakers and community leaders.
Timothy Fitzgerald
JEL Classifications: D23, K11, L71, Q40, R33
Keywords: Mineral Rights, Oil and Gas, Royalty Interest
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