One of the seven Pennsylvania municipalities that sued over the legality of Act 13, the state’s omnibus Marcellus Shale law, is now considering changes to its local drilling ordinance to comply with the measure, a move intended to help it collect more than half a million dollars in impact fee revenue.
Resident
Articles from Resident
Pennsylvania Lawmakers Consider Marcellus Job Creation Tax Credit
Members of the Pennsylvania General Assembly have begun considering House Bill 2399, which among other things would provide a tax credit to companies that create new jobs related to the Marcellus Shale.
May 24, 2012
Court Fines Texas Firm, Employee $440,000 for Gas Futures Trading Losses
U.S. District Court for the Southern District of Texas has issued a permanent injunction against Texas resident Richard Hale and Texas-based Allegheny Gulf Investments Inc. that prohibits them from, among other things, controlling or directing any commodity futures or options trading accounts. The defendants also were ordered to pay a $440,000 fine for violations related to trading natural gas futures.
January 14, 2005
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