Tax On Shale-Gas Drillers Would Punish Industry, Turzai says

Trib Live By Brad Bumstead STEELTON — A 5 percent severance tax on shale gas drilling that Gov. Tom Wolf plans to announce would be punitive and would hurt a burgeoning industry in the long run, House Speaker Mike Turzai warned Monday. The Marshall Republican said he has not seen details of Wolf’s budget proposal, […]

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Local Municipalities Benefit From Marcellus Shale Funding

The Courier Express By Evanne Gareis CLARION – Since former Gov. Tom Corbett enacted impact fees on Marcellus Shale drilling in 2012, every municipality has received portions of the more than $1 million in funds awarded to Clarion County over the past three years. Clarion County Commissioner Wayne Brosius explained that the money is distributed […]

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Pennsylvania Raised $19 Million From Leases to Drill Beneath Waterways

Power Source By Laura Legere When Gov. Tom Wolf issued an executive order prohibiting the state from signing new leases for gas drilling beneath state parks and forests in January, he left a third category open for business: public lands managed by the state’s conservation agency. The Department of Conservation and Natural Resources routinely leases […]

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Severance Tax vs. Impact Fees On Natural Gas

WNEP By John Meyer SUSQUEHANNA COUNTY — Governor Tom Wolf is traveling the state, promoting his plan to tax the natural gas industry to help pay for education, but counties and communities that already get a lot of cash from the state’s impact fee on natural gas fear the governor’s plan could take money from […]

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The irony of Wolf’s extraction tax

Trib Live By Charles Breene Gov. Tom Wolf has said he will use proceeds from a new natural gas extraction tax to pay for education, infrastructure and to alleviate a budget shortfall. The great irony is that Wolf’s new tax targets the very sector of the economy that has fueled a renaissance in manufacturing, economic […]

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Shale Oil Growth in U.S. Hurts Canadians as Well as OPEC

Bloomberg By Robert Tuttle and Dan Murtaugh OPEC isn’t the only victim of the growth in U.S. shale oil. A surge of light oil from North Dakota and Texas is cutting into the earnings of Canadians who turn heavy oil sands into a lighter crude that fetches more from refiners. Producers in Alberta, home of the country’s […]

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Former Oil Exec: $5-a-Gallon Gas on the Way

USA Today John Hofmeister attracted national attention in 2010 when he predicted that average U.S. gasoline prices would soar to $5 a gallon in 2012, thanks to rising crude oil prices. His forecast fell short, as the cost of filling up flirted with $4 in 2012, but never went higher. Now, with gasoline prices at […]

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Consol Energy Exec Dugan Optimistic About Natural Gas Drilling

Trib Live By Katelyn Ferrel Consol Energy enters 2015 having for a year honed its natural gas operations and strategy. The company began drilling at the Pittsburgh International Airport in July, corralled its natural gas pipeline operations in a spin-off partnership with Noble Energy in September and has plans to start a second one focused […]

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