Revenues

Although Pennsylvania does not have a severance tax on natural gas production, the state is starting to collect more tax revenues from counties with significant Marcellus Shale development activity than from counties without it, according to a new report from Penn State University.

Although Pennsylvania does not have severance tax on natural gas production, the state is starting to collect more tax revenues from counties with significant Marcellus Shale development activity than from counties without it, according to a new report from Penn State University.

Having failed to shut down the facility, the mayor of Ensenada in Baja California, Mexico, last Wednesday sought to negotiate tax revenues and a new gas transmission pipeline link with Sempra Energy’s Energia Costa Azul liquefied natural gas (LNG) receiving terminal along the Pacific Coast north of the port city. Mexican federal troops came to Sempra’s aid earlier in the skirmish and remained on site last week.

Having failed last Friday to shut down the facility, the mayor of Ensenada in Baja California, Mexico, on Wednesday sought to negotiate tax revenues and a new gas transmission pipeline link with Sempra Energy’s Energia Costa Azul liquefied natural gas (LNG) receiving terminal along the Pacific Coast just north of the port city.

A Louisiana government official’s statement that the state will see a decrease in tax revenues in coming years due to natural gas drillers moving their operations from taxable areas in southern Louisiana to tax-exempt fields in northern Louisiana “could not be further from the truth,” according to Louisiana Oil & Gas Association (LOGA) President Don Briggs.

A Louisiana government official’s statement that the state will see a decrease in tax revenues in coming years due to natural gas drillers moving their operations from taxable areas in South Louisiana to tax-exempt fields in North Louisiana “could not be further from the truth,” according to Louisiana Oil & Gas Association (LOGA) President Don Briggs.

A Dallas man pleaded guilty last week to one count of mail fraud as part of a scheme that defrauded investors in interests in the Barnett Shale natural gas play in North Texas and elsewhere, the U.S. Department of Justice (DOJ) said.

EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.

EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.