The debate over taxing shale gas production in Pennsylvania is increasingly focusing on where the money would go, as two Philadelphia-area Republican lawmakers proposed severance taxes last week designed to ease the tax burden on individuals.
Reports
Articles from Reports
Western Group Urges ‘Outright Termination’ of Jordan Cove
Citing reports that Jordan Cove LNG is considering changing its project to a liquefied natural gas (LNG) export facility, the Western Environmental Law Center (WELC) has called on FERC to conduct a supplemental environmental review of the project or else terminate it.
June 9, 2011
API: Big Oil Generating Big Returns for Pension Funds
Ahead of the first quarter earnings reports by the biggest of the Big Oil companies, the American Petroleum Institute (API) on Monday offered evidence that those oil and natural gas company profits are generating big benefits for public pension funds.
April 27, 2011
Pennsylvania Senate to Again Consider Gas Severance Tax
When the Pennsylvania General Assembly returns to its regular session next week it will once again face a proposal to institute a severance tax on natural gas production.
March 30, 2011
Traders to Reassess Bullish Strategies; Futures Mixed
March natural gas futures eased Tuesday as traders elected to discount both supportive weather reports and sharply higher oil prices caused by strife in North Africa and the Middle East. March fell 0.9 cent to $3.867 and April added 0.1 cent to $3.907. March crude oil bounded higher $7.37 to $93.57/bbl.
February 23, 2011
EPA’s Draft Hydrofracking Study Plan Under Scientific Review
The Environmental Protection Agency (EPA) Tuesday submitted a 140-page draft plan to the agency’s Science Advisory Board (SAB) to study potential drinking water contamination associated with chemicals and fluids used in hydraulic fracturing (hydrofracking).
February 9, 2011
Ohio Expects Expanded Shale Drilling Through Spring
After three years of increased exploration drilling and skyrocketing lease rates, Ohio should soon see Marcellus Shale development drilling, according to one state official.
January 25, 2011
Computers, Tight Stops, Weather Reports Send Futures Reeling
Natural gas futures retreated Monday as traders quickly reacted to reports of some moderation in private weather forecasts while others attributed the magnitude of the decline to computer-driven sell orders. At the close February natural gas fell 15.6 cents to $4.580 and March retreated 14.5 cents to $4.598. March crude oil lost $1.24 to $87.87/bbl.
January 25, 2011
Futures Fall Despite Large Storage Draw, Downward Revision
Despite at least two revisions in some previous reports that made Thursday morning’s news of a 184 Bcf draw for the week ending Dec. 17 feel more like a 193 Bcf draw to the market, natural gas futures traders remained largely unimpressed. Trading a shortened session Thursday ahead of the long Christmas holiday weekend, the January contract recorded a $4.052 to $4.174 range before closing at $4.083, down 6.9 cents from Wednesday’s finish, but 1.7 cents higher than the previous week’s close.
December 27, 2010
BLM Gives Initial OK to State Oil Shale Projects
The Bureau of Land Management (BLM) said Wednesday three nominations for oil shale research, development and demonstration (RD&D) leases have been approved for Colorado and Utah that would allow the proponents to test the feasibility of various oil shale recovery technologies on public lands.
October 18, 2010
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