July 15, 2016 |
The Pennsylvania Independent Fiscal Office estimates that Marcellus Shale impact-fee revenue in 2016 will decline for a third consecutive year because of the continuing slowdown in gas drilling and low natural gas prices. IFO, in a research brief set to be released on Thursday, said the impact fee will decline as little as $5.4 million next year if drilling activity accelerates during the last half of 2016. The impact fee could also plunge by $56.5 million - 30 percent - if the average NYMEX gas price averages below $2.25 per thousand cubic fee average for the year.
June 17, 2016 |
Pennsylvania will distribute $187.7 million this year from the impact fee on shale-gas development, down 16 percent from $223.5 million last year and the lowest amount collected since the tax's first year in 2011. The Pennsylvania Public Utility Commission on Wednesday outlined its disbursement schedule for the fee, which is assessed on each shale well. The amounts collected are smaller this year because the price of natural gas is low. County and municipal governments directly affected by drilling will receive a total of $101.8 million.
June 3, 2016 |
New Jersey natural-gas customers can expect a price break this winter, the latest reduction in energy costs that have cut one utility's bills by more than half since 2009. Public Service Electric & Gas Co. on Wednesday proposed to reduce residential gas bills by 7.4 percent, saving customers $64 per year. South Jersey Gas proposed reductions of 3.7 percent, or $4.39, to monthly residential gas bills. The proposed rate reductions, which would go into effect Oct. 1, were made in annual filings Wednesday with the New Jersey Board of Public Utilities, the state regulatory body.
April 26, 2016 |
JAMES CITY, Pa. - Highland Township's rebellion against the fossil-fuel state began more three years ago, when word spread that Seneca Resources Corp. wanted to convert a depleted natural-gas well into a site for disposing of wastewater from Marcellus Shale drilling operations. Marsha Buhl, who had some unpleasant experiences 40 years ago living near oil wells in northwestern Pennsylvania, feared the proposed injection well would pollute the town's drinking-water supply with fracking waste.
April 17, 2016 |
Budget and staff cuts have left the state Department of Environmental Protection ill-equipped for its role in monitoring the installation of tens of thousands of miles of natural-gas pipelines over the next decade, DEP Secretary John Quigley said Friday. After what Quigley described as "years of relentless budget cuts," the department has 671 fewer positions than it did seven years ago, an estimated 20 percent decrease. Of these lost jobs, 441 were permit writers and pipeline inspectors, he said.
March 5, 2016
By John J. Interval It is hard for a petroleum geologist like me to find good news in the drastic cuts in shale-gas drilling or the calls by some politicians for a moratorium on fracking, but there is at least one silver lining: Producers in the Marcellus have become much more efficient, using innovative technologies and better knowledge of the shale formation to complete a well in less than half the time it took a decade ago. Producers are...
March 4, 2016
ISSUE | MARCELLUS SHALE TAX Additional expenses will hurt industry, state Energy companies are laying off employees left and right. Pennsylvania won't continue to enjoy the billions of investment dollars it has received from companies developing shale gas in our commonwealth. Reserved Environmental Services employs 70 Pennsylvanians, and 85 percent of our workforce is blue collar. We've postponed capital projects this year and cannot hire an additional 20 employees. And we are not alone.
September 19, 2015 |
In an assist to the shale-gas industry, the speaker of Pennsylvania's House said Thursday that Republicans will propose a "Keystone Energy Zone" to extend tax breaks to gas-hungry manufacturers. Rep. Mike Turzai (R., Allegheny), speaking on the final day of the Marcellus Shale Coalition's two-day conference in Philadelphia, disclosed the tax-break concept as a counterpoint to Gov. Wolf's plan to create a natural-gas severance tax. "Let's quit talking about this severance tax, and let's talk about how we improve usage," Turzai said during an onstage discussion with David J. Spigelmyer, the coalition's president, and K. Scott Roy, a Range Resources Corp.
September 17, 2015 |
After shifting its annual conference to Western Pennsylvania last year, the shale-gas industry returns to Philadelphia on Wednesday for a two-day gathering amid an economic climate substantially subdued from the industry's early go-go years. The Shale Insight 2015 conference at the Convention Center, sponsored by the Marcellus Shale Coalition, is placing an emphasis on the industry's ties to the Philadelphia region as a potential energy hub, if the pipelines to deliver shale-gas products can be built.
February 19, 2015 |
Despite low gas prices and a reduction in drill rigs, Marcellus Shale producers generated nearly 4 trillion cubic feet of natural gas in Pennsylvania last year, up 28 percent from the previous year, according to state figures. Exploration companies produced 2.08 trillion cubic feet of gas from 5,960 "unconventional" shale wells during the second half of 2014, up 10 percent from the first half of 2014. During all of 2013, Pennsylvania unconventional wells produced 3.1 trillion cubic feet of gas. Cabot Oil & Gas Corp.