By 2020 exploration and development across the Marcellus Shale could generate more than $6 billion in federal, state and local tax revenue and employ up to 300,000 people across the region, according to Chevron Corp. CEO John Watson.
Punitive
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Cabot’s Motion to Dismiss Dimock Lawsuit Denied
A federal judge in Pennsylvania has denied a motion by Cabot Oil & Gas Corp. to dismiss a case brought by Dimock Township, PA, residents who claim that their health and property has been harmed by the producer’s natural gas activities.
Producers Hear ‘Rumblings’ About Windfall Profits Tax
Major producer groups last Tuesday warned Washington policymakers that a windfall profits tax or other punitive taxes on producers would hurt the financial health of the industry, reduce domestic oil and natural gas production and result in significant job losses.
Producers Hear ‘Rumblings’ About Windfall Profits Tax
Major producer groups Tuesday warned Washington policymakers that a windfall profits tax or other punitive taxes on producers would hurt the financial health of the industry, reduce domestic oil and natural gas production and result in significant job losses.