Higher natural gas prices and more new wells last year are likely to help raise Pennsylvania impact fee collections from shale gas producers for the first time in three years, according to the state’s Independent Fiscal Office (IFO).
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Pennsylvania Producer Not Liable for $500K in Impact Fees, Says Court
The Pennsylvania Commonwealth Court this week reversed an order by the state Public Utility Commission (PUC) that would have required an independent oil and natural gas producer to pay nearly $500,000 in impact fee revenue, interest and penalties.
March 29, 2017
PA Impact Fees Seen Declining in 2016 and Beyond on Lower Prices, Less Drilling
Unless shale drilling activity increases meaningfully or natural gas prices spike, Pennsylvania’s 2016 impact fee collections from producers could again decline, the state’s Independent Fiscal Office (IFO) said in a report.
July 20, 2016