External Affairs Coordinator, Cabot Oil & Gas
The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM and 1510 AM, talked about severance tax, UK green energy scandal, Ohio oil & gas and much more last week.
Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas. This week, as guests, we had Stephanie Catarino Wissman, executive director, Associated Petroleum Industries of PA and Jackie Stewart, Ohio Director of Energy in Depth.
The Shale Gas News, typically, is broadcast live. On the March 4th show (click above), we covered the following new territory (see news excerpts below):
- DU won’t divest from oil and gas, but board approves new green initiatives. Instead, the board and administration approved new initiatives to strengthen sustainability efforts at DU, including the creation of a $5 million “green fund” that will pay for solar panels, composting and other projects..
- UK Taxpayers Lost $574 Million In 4th Green Energy Scandal This Year. The U.K. wasted $574 million in 2015 subsidizing burning wood pellets for power, marking the country’s fourth major green energy scandal this year. Now a new government assessment finds that the mandated shift from coal power to wood pellets ignored carbon dioxide (CO2) emissions from actually burning the pellets.
- PA Gov Wolf’s New Budget Calls for 6.5% Severance Tax (Again). Pennsylvania Gov. Tom Wolf released his 2017 budget proposal. Twice before, Wolf has attempted to levy a severance tax Marcellus drilling in the state–in addition to the existing impact tax. A severance tax would cause drilling in the state to stop, by giving PA one of the highest severance tax rates in the nation. (Yes, drillers do have other options and will go to other shale plays!) .
- University of Cincinnati Study Finds No Water Contamination from Fracking. An ongoing study conducted by researchers at the University of Cincinnati (UC) has found that water quality has not been impacted by natural gas drilling, or fracking
- Three Reasons Companies Have Invested Billions in Natural Gas-Fired Power in Ohio. Within the past few years, there has been a flurry of natural gas-fired power plants sprouting up all over Ohio by non-utility companies. To date, there are 11 projects under construction, announced, approved or completed, with investors eyeing the potential for several more. Together, these 11 projects will add 11,217 megawatts (MW) of electricity, powering over 9.2 million homes while creating an estimated 6,365 new construction jobs.
- Report: Ohio Counties Have Received Over $43 Million in Real Estate Property Taxes from Utica Shale Production. Ohio’s top six Utica Shale counties collected more than $43.7 million in real estate property taxes on production from 2010-2015, according to a new report by Energy In Depth and the Ohio Oil and Gas Association.
The Shale Gas News sponsored by Linde Corporation