PA PUC Distributes 2024 Impact Fee – Revenue Dropped $15M YOY
Yesterday, the Pennsylvania Public Utility Commission (PUC) announced the distribution of $164,592,500 in natural gas impact fees collected from producers for the 2024 reporting year. The bad news is that the impact fee raised $15 million less than it did in 2023, the prior year. The good news is that the state Independent Fiscal Office predicts the impact fee for 2025 will soar by $70 million to roughly $235 million (see PA IFO Predicts 2025 Impact Tax Revenue Increasing $70M from 2024). The further good news is that this year’s distribution of $164.6 million brings the cumulative total of impact fees collected and distributed since 2012 to over $2.88 billion. Read More “PA PUC Distributes 2024 Impact Fee – Revenue Dropped $15M YOY”
Diversified Energy and global investment firm Carlyle have formed a strategic partnership to invest up to $2 billion in proved developed producing (PDP) natural gas and oil assets across the U.S. Diversified will operate and manage the assets, while Carlyle brings the money and financial expertise, aiming to “securitize” these investments for long-term funding. Diversified owns significant assets in the Marcellus/Utica region (and other regions, too). The company owns approximately 8 million acres of leases with close to 70,000 (mostly) conventional oil and gas wells. The company’s business model is to buy already-drilled, lower-producing wells on the cheap and find ways to make them more productive. 
The West Virginia Supreme Court recently issued two 3-2 decisions reinforcing that oil and gas producers generally cannot deduct post-production costs from royalty payments to mineral owners unless lease agreements explicitly permit such deductions. We previously reported on both decisions. On June 6, the Supremes ruled in Kaess v. BB Land LLC on “in-kind” royalty leases (see 
Talk about shotgun weddings! WhiteHawk Energy has been smitten with PHX Minerals for two years. WhiteHawk repeatedly proposed marriage (M&A), yet PHX repeatedly gave WhiteHawk the cold shoulder (
Did you know that artificial intelligence (AI) services like ChatGPT “isn’t great for the planet”? That you should be using AI responsibly. And that you can choose an AI model that “harms the planet less.” This is the lunacy now coming from the left. Last week, on the same day, both the New York Times and the Washington Post (the epitome of leftist groupthink) published stories warning readers that using AI is killing the planet. Here we go again. Yeah, you should just remain dumb and give up your use of AI. That’s the solution! 
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