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Archive for 'Taxation'

MD Marcellus Shale Commission’s First Report Issued

The first of three reports due from the Maryland Marcellus Shale Safe Drilling Initiative Advisory Commission has just been issued. A copy of the 46-page report—about how to tax and sue the drilling industry—is embedded below. It’s interesting reading. On June 6, 2011, Maryland Gov. Martin O’Malley signed an Executive Order establishing the Marcellus Shale [...]

Will New PA Drilling Law/Impact Fee Pass in 2012?

Although the Pennsylvania House, Senate and governorship are all controlled by Republicans (for the first time in many years), they have not yet agreed on new legislation that puts stricter environmental controls in place over shale gas drilling in the state. The pending legislation, introduced last year after Gov. Tom Corbett appointed an advisory commission [...]

OH Gov Kasich’s Top Priority for 2012: Shale Gas

In a year-end “media gathering” with Ohio Gov. John Kasich, the governor recounted his administration’s accomplishments for his first 12 months in office, and then he turned his sights on 2012. At the top of his agenda for next year? Drilling in the Marcellus and Utica Shales.

NY Frack Calculator Shows Tax Revenue from Just One Well

Just how much money would be generated in taxes by a single Marcellus Shale gas well in New York State? The Independent Oil and Gas Association of New York (IOGA of NY) wants you to know, and has created a calculator on their website that will tell you. You can find it here.

Maryland Politicians on Gas Drilling – Dumb & Dumber

It’s really kind of funny to watch lawmakers and “leaders” in the state of Maryland talk about drilling in the Marcellus Shale, which, if it were to happen in the state, would happen in two western counties: Garrett and Allegany. Earlier this year Gov. Martin O’Malley appointed a 14-member commission to study the drilling issue, [...]

NY DEC Panel Quietly Considers New Shale Gas Drilling Tax

The New York State Department of Environmental Conservation, while holding up a release of new drilling regulations, has “quietly” begun considering different taxation scenarios for when and if shale gas drilling actually begins. Last month, the DEC sent 7 of the 18 members of the Hydraulic Fracturing Advisory Panel three separate charts with scenarios for [...]

PA Lawmakers Close to Passing New Drilling Rules, Impact Fee

Pennsylvania lawmakers are getting close to passage of legislation that would adopt many of the recommendations from Gov. Tom Corbett’s Marcellus Shale Advisory Commission, including an impact fee on wells and including a measure that would supersede some local drilling ordinances.

NY Comptroller Wants New Tax to Cover Gas Drilling Accidents

Even though New York still has not adopted new drilling regulations, and likely won’t until late this year, and even though drilling will not begin until 2012 at the earliest, New York politicians are lining up to dip their hands into driller’s and landowners’ pockets. The latest example is New York State Comptroller Thomas DiNapoli [...]

PA Lt Gov Cawley Addresses Severance Tax in Chat Session

On Monday, Pennsylvania Lt. Gov. Jim Cawley, the head of Gov. Tom Corbett’s Marcellus Shale Advisory Commission, did a Q&A session via text chat with readers of the Philadelphia Inquirer to answer questions about the final report of 96 recommendations filed by the Commission and about the work they performed to arrive those recommendations. The [...]

PA Democrat First to Introduce New Legislation for Marcellus Shale Drilling Impact Fees

Although a final copy of the recommendations voted on by Pennsylvania Gov. Tom Corbett’s Marcellus Shale Advisory Commission have not yet reached his desk, eager politicians are already introducing new legislation to assess impact fees on Marcellus Shale drilling.

PA Marcellus Shale Advisory Commission Make 96 Recommendations Including Impact Fee & Forced Pooling

In March of this year, newly elected Pennsylvania Gov. Tom Corbett appointed a 30-member Marcellus Shale Advisory Commission with the aim of producing “a comprehensive, strategic proposal for the responsible and environmentally sound development of Marcellus Shale.” The panel wrapped up their work last Friday by voting on a list of recommendations, ultimately approving 96 [...]

New Quinnipiac Poll: PA Voters Want Marcellus Drilling to Continue, and an Extraction Tax

According to a new poll by Quinnipiac University, nearly two-thirds of PA voters want Marcellus Shale gas drilling to continue. Slightly more than two-thirds of PA voters also want a drilling (or extraction) tax on gas drilling.

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