Happy Story Ends Badly Because of 7 PA Towns
Who doesn’t like a county (or state) park, or a newer trend–converting old railroad beds into “rail trails”–resurfacing them for walkers, joggers, bikers and roller skaters? We sure love and use them. This story begins happily, with York County spending $100,000 to improve the Old Northern Central Railroad tracks and a portion of the York County Heritage Rail Trail that runs alongside them. Where did the money come from–taxpayers? Nope. It came from the Marcellus Shale industry, from the impact fee levied as part of the Act 13 law. In fact York County has received, so far, nearly 3/4 of a million dollars from that fund–even though there’s no active shale drilling in the county–thanks to Act 13.
But the story ends badly, because quite likely starting next year, all of that impact fee money will disappear (see PA Supreme Court Won’t Reconsider Act 13, Impact Fee Now in Doubt). There will be no more impact fee money because seven townships in PA got their knickers in a twist, insisting their own layman zoning regulations were better than a set of statewide, uniform regulations designed by geologists and experts. So the seven petulant towns sued to toss out large portions of the Act 13 law, and it now looks like the impact fee will be tossed out too….
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No less than three press releases were issued by Cabot Oil & Gas yesterday. In fact, the news is coming so fast and furious from all corners, it’s hard to keep up! First, Cabot announced a deal with the Transco pipeline to ship up to 850,000 MMBtu per day on the Transco once a new section is built–estimated to go online in 2017. Second, Cabot announced proved reserves at the end of 2013 were up 42% from 2012–to 5.5 trillion cubic feet. And third, the company’s production for 2013 was up 55% over 2012 to 413.6 billion cubic feet equivalent (Bcfe)–virtually all of it in the Marcellus Shale–and all of that from a single northeastern PA county, Susquehanna County. Cabot is an incredible story. No wonder their fourth quarter 2013 profit soared 91%!
Unfortunately our worst fears were realized when PA State Police announced yesterday they had removed “what appear to be” the remains of Ian McKee, 27, a Cameron International contractor working at the Chevron Marcellus well site in Greene County. A warning folks, this is a bit gruesome. Apparently they found some bones but no body. It is a heart-rending story. No matter who it would have been, it’s a tragedy. In the case of Ian, he was young, living with his fiance with a baby on the way. Please say a prayer for his family and friends–they will need it in the coming days as they deal with this.