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The Pennsylvania Public Utility Commission’s (PUC) revision of distribution figures for impact fee revenue generated by Act 13 is mixed news for municipalities, with a bigger pot of revenue to divvy up, but most will get a smaller share.

Onshore unconventional powerhouse Devon Energy Corp. plans to spend “significantly less” on exploration in 2013, but exploration activity still will remain at 2012 levels, CEO John Richels said Wednesday.

The Pennsylvania Public Utility Commission (PUC) last week had taken down from its website a list of how impact fee revenue generated by Act 13, the state’s new omnibus Marcellus Shale law, was distributed to county and municipal governments.

The Pennsylvania Public Utility Commission (PUC) last week had taken down from its website a list of how impact fee revenue generated by Act 13, the state’s omnibus Marcellus Shale law, was distributed to county and municipal governments.

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.

Pennsylvania will end another year without an impact fee on natural gas drilling in the Marcellus and Utica shales.

December natural gas made its debut as the spot futures contract by bounding higher Friday as traders cited the inevitability of weather-generated demand, and follow-the-leader-like buying as prices moved higher on heavy volume. At the close December had gained 15.9 cents to $3.923 and January was up 14.6 cents to $4.042. December crude oil digested a portion of Thursday’s large gains and settled 64 cents lower at $93.32/bbl.

Despite previous veto threats, Pennsylvania Gov. Tom Corbett said he would like to see some of the revenue generated from a proposed impact fee on Marcellus Shale development go toward capping thousands of abandoned wells in the state.

Despite previous veto threats, Pennsylvania Gov. Tom Corbett said he would like to see some of the revenue generated from a proposed impact fee on Marcellus Shale development go toward capping thousands of abandoned wells in the state.