PA Gov. Wolf Signs NatGas Royalty Transparency Act into Law
In January of this year, MDN reported on Pennsylvania State Senate Bill (SB) 806, aimed at providing clarity in the royalty payment statements landowners receive from oil and gas drillers (see Natural Gas Royalty Transparency Bill SB 806 Passes in PA Senate). Sometimes deductions are posted on royalty statements with very little (if any) description of what those deductions are for. SB 806 would clear up the confusion. We are delighted to report that SB 806 was signed into law by Gov. Tom Wolf earlier this month.
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When we first spotted an article by PBS titled “Why Ohio’s top oil and gas producing counties continue to lag in jobs,” we were intrigued. The “deck” of the article (the little subtext directly under the headline) says, “A decade into Ohio’s shale gas boom, seven Appalachian counties still have unemployment rates that exceed the state average. Experts and local sources suggested four reasons why fracking hasn’t closed the gap.” The implication is that fracking and the jobs it could and would create were oversold. Jobs from fracking are smoke without fire. Yet the article itself appears to prove just the opposite–that fracking HAS led to a dramatic increase in jobs in Ohio.
NATIONAL: Why oil companies are not running out of fresh shale fields to frack; Study explores top causes of driving-related deaths in O&G; Nabors automates existing rig with robotics module; INTERNATIONAL: Europe’s LNG import capacity set to expand by one-third by end of 2024; Chevron oil drilling efforts in Venezuela blasted as ‘stupidity,’ nonsensical; $60 billion LNG mega deal marks Chinese influence in Middle East.