A student-led effort in California has emerged to place a measure on next year’s statewide ballot to enact a tax on oil and natural gas extracted from the state. Backers now have about five months to collect at least 505,000 signatures to qualify for next year’s ballot.
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Shale Gas Sparking U.S. Manufacturing Renaissance, Says PwC
U.S. shale natural gas resources have the potential to ignite a domestic manufacturing “renaissance” that could create one million jobs and billions in energy cost savings, according to a new report by industry consultant PwC US.
December 16, 2011
Arkansas Lawmaker Withdraws Severance Tax Bill
Arkansas state Rep. Tommy Lee Baker (D-Osceola) has withdrawn legislation (HB 1992) that would have ended severance tax exemptions for natural gas drillers due to a lack of support in the House Insurance and Commerce Committee.
March 16, 2011
Ballot Initiative Under Way for Arkansas Severance Tax Hike
Former natural gas industry executive Sheffield Nelson has filed a ballot initiative in Arkansas to raise the state’s severance tax on natural gas production to 7% from the current 5% of market value.
February 11, 2011
Canada Supreme Court Rules Producers Entitled to Extracted Gas Along Canadian Railway
In a unanimous 5-0 decision Thursday, the Supreme Court of Canada ruled that oil and gas producers may keep the natural gas that they extract from their leases located along the Canadian Pacific Railway (CPR). Landowners for many years had argued that they were entitled to the gas. As a result, the ruling relieves a major legal headache for producers.
July 19, 2004
Canada Supreme Court Rules Producers Entitled to Extracted Gas Along Canadian Railway
In a unanimous 5-0 decision Thursday, the Supreme Court of Canada ruled that oil and gas producers may keep the natural gas that they extract from their leases located along the Canadian Pacific Railway (CPR). Landowners for many years had argued that they were entitled to the gas. As a result, the ruling relieves a major legal headache for producers.
July 19, 2004
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