An interim committee in the Wyoming legislature is considering drafting a bill that would put a severance tax on producers for the amounts of produced natural gas they flare.
Articles from Drafting
Ohio Gov. John Kasich will reportedly unveil a proposal next week to restructure state taxes on oil and gas drilling — including implementing new taxes on hydraulic fracturing (fracking) and natural gas liquids (NGLs) — then pass the savings along to Ohioans in the form of a personal income tax cut.
Two members of the Ohio General Assembly are drafting a bill that calls for raising the state’s severance tax on natural gas drilling and would create a fund for localities where drilling takes place.
Two members of the Ohio General Assembly announced Tuesday that they are drafting a bill that calls for raising the state’s severance tax on natural gas drilling and would create a fund for localities where drilling takes place.
The administration of Pennsylvania Gov. Tom Corbett is drafting legislation for an impact fee on natural gas drillers in the state, according to the Wilkes-Barre Times Leader. Over the past week Corbett said he could support a fee for mitigating local impacts and some statewide issues, but not for unrestricted revenue.
Sen. Max Baucus (D-MT), chairman of the Senate Finance Committee, is drafting legislation to repeal billions of dollars in tax breaks for the five largest oil and natural gas companies. Repeal of tax breaks and other energy issues are likely to take center stage this week as Congress returns from its two-week Easter recess.
El Paso, which had previously declared a Strained Operating Condition due to low linepack, late Wednesday issued a drafting-based emergency Critical Operating Condition with a 3% negative imbalance tolerance. “Based on current supply shortfalls caused by extreme cold temperatures and power outages in the production areas…and current demand on the delivery side of the system, [El Paso] does not expect conditions to improve over the next 24 hours,” the pipeline said.
Due to an imbalance on upstream pipelines and requests for drafting gas that has been banked over the last several days, Southwest Gas issued a Hold Burn to Scheduled Quantities notice Wednesday. Southwest asked shippers “to ensure that actual takes meet or exceed scheduled supplies, which will assist in clearing the positive imbalance that has been created on the upstream pipelines. Also, positive daily nominations for imbalance paybacks from customers to Southwest have been eliminated” effective Wednesday until further notice. If current conditions persist, Southwest said, it may be required to issue an OFO.