Interior Secretary Ken Salazar should not be held in contempt for imposing a second moratorium on deepwater drilling in the Gulf of Mexico in 2010 after a judge in Louisiana overturned the department’s initial ban, a Justice Department attorney argued Wednesday before the U.S. Court of Appeals for the Fifth Circuit in New Orleans.
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Report: Shale Gas Possible Windfall for Maryland
Although only two of its counties overlay the Marcellus Shale, Maryland could earn on average about $441 million in severance taxes over a 30-year period if drilling were permitted there, according to a report released Thursday by the Maryland Petroleum Council (MPC).
Impact Fee, Severance Tax Hike on Ohio Governor’s Mind?
Ohio Gov. John Kasich reportedly is considering higher severance taxes and an impact fee on oil and natural gas operators, as well as imposing new taxes on natural gas liquids (NGL) extraction.
CFTC Rejects Request to Stay Implementation of Position Limits
The Commodity Futures Trading Commission (CFTC) has narrowly rejected a request by two trade groups to delay implementation of the rule imposing position limits to curb speculation in the $300 trillion derivatives market.
Pennsylvania Impact Fee Still Questionable
Pennsylvania lawmakers have restarted discussions about imposing an impact fee on natural gas operators by removing the fee from legislation introduced earlier this year.
Pennsylvania Moves Fee Bill Without Fee
Pennsylvania lawmakers have restarted discussions about imposing an impact fee on natural gas operators by removing the fee from legislation introduced earlier this year.
Survey: Most Pennsylvanians Still Support Gas Production Tax
Pennsylvanians are increasingly in favor of imposing a severance tax on natural gas production, according to a poll released Wednesday by the Center for Opinion Research (COR) at Franklin & Marshall College in Lancaster, PA.
Pennsylvania Lost $200 Million Without Natural Gas Production Tax
Pennsylvania lost nearly $200 million in state revenue by not imposing a tax on natural gas in October 2009, according a statewide think tank.
House Caucus Calls on Interior to Back Off from Hydrofracking Rules
The 32-member Congressional Natural Gas Caucus last Wednesday called on Congress to back off from imposing any new hydraulic fracturing (hydrofracking) regulations on producers until the Environmental Protection Agency (EPA) completes its study on the risks of hydrofracking to public health and water quality.
House Caucus Calls on Interior to Back Off from Hydrofracking Rules
The 32-member Congressional Natural Gas Caucus Wednesday called on Congress to back off from imposing any new hydraulic fracturing (hydrofracking) regulations on producers until the Environmental Protection Agency (EPA) completes its study on the risks of hydrofracking to public health and water quality.