Baylor News

Private landowners are reaping billions of dollars in royalties each year from the boom in natural gas drilling, transforming lives and livelihoods even as the windfall provides only a modest boost to the broader economy.

In Pennsylvania alone, royalty payments could top $1.2 billion for 2012, according to an Associated Press analysis that looked at state tax information, production records and estimates from the National Association of Royalty Owners.

A fledgling Texas cancer trials network announced Tuesday that it had shut down after auditors found more than $300,000 in expenses deemed inappropriate in the latest blow to the state’s troubled $3 billion cancer-fighting agency.

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