Coffers

A Pennsylvania official said royalties from Marcellus Shale natural gas drilling on public lands will add about $60 million to state coffers this year.

Suncor Energy Inc. is writing off $1.5 billion of the investment in the centerpiece of its $20.6 billion oilsands expansion, the Voyageur Upgrader, which would turn heavy bitumen into light oil, in part because of stunning production growth in U.S. oil shales.

Natural gas and oil drilling in Ohio could create 65,000 jobs and add nearly $5 billion to state coffers by 2014, according to an industry-sponsored eight-month study that was issued last week.

Baker Hughes Inc. is planning to open a regional headquarters in Massillon, OH, in 2013 to take advantage of the business opportunities generated by the growing shale gas resources in the Utica and Marcellus formations.

Natural gas and oil drilling in Ohio could create 65,000 jobs and add nearly $5 billion to state coffers by 2014, according to an academic study.

New Mexico’s coffers took a hit due to weak oil and gas prices during the first quarter of the state’s 2010 fiscal year as collections by the State Land Office declined $104 million from the year-ago period when $194 million was collected.

The surge in natural gas drilling that has transformed Colorado’s landscape and plumped its coffers appears headed for a plateau as producers cut back spending and reduce rig counts for a variety of reasons: lower gas prices, credit market turmoil, limited pipeline capacity and the possibility of more stringent state regulations.

The surge in natural gas drilling that has transformed Colorado’s landscape and plumped its coffers appears headed for a plateau as producers cut back spending and reduce rig counts for a variety of reasons: lower gas prices, credit market turmoil, limited pipeline capacity and the possibility of more stringent state regulations.

The workload for the Bureau of Land Management’s (BLM) Wyoming offices is growing by the day — as are its coffers — with natural gas producers requesting environmental assessments to ramp up drilling projects across the state.