PA DEP’s 250% Increase in Shale Permit Fee Slows New Drilling
Yes we predicted it and yes we were right (self-praise stinks, we know). We told you last year when the Pennsylvania Dept. of Environmental Protection (DEP) went forward with an absurd increase in the fee to drill a new shale well--from $5,000 to $12,500 (250%)--it would vastly slow the growth of new shale wells being drilled in the state and fall far short of revenue goals DEP hoped would fund the oil and gas program. Yesterday the DEP confirmed we were right.
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