Capturing Rents from Natural Resource Abundance: Private Royalties from U.S. Onshore Oil & Gas Production
By Jason P. Brown, Timothy Fitzgerald, and Jeremy G. Weber
RESEARCH WORKING PAPERIn 2014 the six major shale plays produced more than $213 billion in oil and gas generating $39 billion in royalties, while local ownership of royalties averaged 12 to 55 percent across the major plays.
Ag and Rural Economies
Our work provides insights on agricultural and rural economies, both within our seven-state region of the Tenth Federal Reserve District and nationally.