Powered by Max Banner Ads 

Governor Wolf: Stop Trying to Strangle Our Natural Gas Industry

severance tax - Doug Berkley ReportsDouglas Berkley
Noise Solutions, Technical Sales & Solutions
Publisher: Tri-State Shale Traveler

Why is Governor Wolf so determined to add costs to the one industry that lifted PA during tough economic times and is poised to deliver such growth?

Governor Wolf, once again, you are threatening to strangle the one industry that demonstrates the ability to grow jobs, manufacturing and general prosperity for our Commonwealth. You seem not to care at all that, prior to the shale revolution, we had not seen comparable prosperity for decades.

Unfortunately, pricing pressure and cost cuts have resulted in many layoffs and a downturn for this prosperity producing industry. Adding your promised and ill-advised energy taxes now during this period would be a very poor decision. Jobseekers and local communities who rely on these workers to keep their coffers full would suffer.  Your proposed energy tax, if enacted, would ignite a chain reaction. It is one that will hurt workers, gas companies, service companies, local communities and onward. It’s a loser all the way down.

Continue reading

Email this to someoneShare on FacebookShare on LinkedInShare on Google+Digg thisFlattr the authorShare on RedditShare on YummlyShare on StumbleUponTweet about this on TwitterShare on TumblrBuffer this pagePin on Pinterest

Where Are We on the Wolf Severance Tax Proposal?

severance tax

Charles A. Schliebs
Managing DirectorStone Pier Capital Advisors, LP

 

….

What are the prospects for Tom Wolf’s proposed severance tax after losing the first round with the Pennsylvania legislature? Charlie Schliebs evaluates.

When we published our last issue of our company newsletter in July of last year, we were simply waiting for the 2015-16 Pennsylvania budget to be approved by Governor Wolf before publishing the next issue, in which we planned to explain how the key budget compromises were made and what they meant for the shale gas industry, not only in Pennsylvania but also in adjoining states.

Well, we waited, and we waited, and we waited, and things were really never solved. Instead, the Governor lost on all accounts (shale gas severance tax and otherwise) and all the cans were kicked down the road for another try with the 2016-17 budget due at the end of this month, June 30, 2016. What happens next with the 2016-17 budget? Well, let me offer some observations.

Continue reading

Email this to someoneShare on FacebookShare on LinkedInShare on Google+Digg thisFlattr the authorShare on RedditShare on YummlyShare on StumbleUponTweet about this on TwitterShare on TumblrBuffer this pagePin on Pinterest

Governor Wolf Follows Cuomo’s Lead: Taxes and Regulations!

severance tax - MarkindDaniel B. Markind, Esq.
Weir and Partners, LLP

 

Proposed DEP regulations changes have been approved for oil & gas drilling and Governor Wolf continues to disappoint.

Yesterday was an extraordinary day in the energy field.  In Pennsylvania, following seven hours of public debate and comment, the Pennsylvania Independent Regulatory Review Commission approved the proposed Department of Environmental Protection changes to Chapters 78 and 78a of the Pennsylvania Code, the rules and regulations governing oil and gas drilling in the Commonwealth.

The vote was 3-2, with everything happening according to script.  The Democratic appointees approved the changes, the Republicans did not.  Among the changes are updates and expansion of the permitting process, a requirement that drillers identify old and abandoned wells, and a ban on storing waste in pits, using the brine for dust suppression or deicing.  As I said before, some are common sense and some make no sense.

Continue reading

Email this to someoneShare on FacebookShare on LinkedInShare on Google+Digg thisFlattr the authorShare on RedditShare on YummlyShare on StumbleUponTweet about this on TwitterShare on TumblrBuffer this pagePin on Pinterest

Shale Gas a “Blessing” and “Will Come Back with Vengeance”

natural gas industryBrittany Thomas
Coordinator, External Affairs
Cabot Oil & Gas

  

Natural gas production has declined in Northeast PA but George Stark of Cabot Oil & Gas believes it will be back “with vengeance”.

The following article was published in the Rocket-Courier on April 7, 2016. Republished with permission. Authored by Cain Chamberlin.

With the decline in natural gas operations following the massive industry boom that occurred in northeastern Pennsylvania several years ago, it’s anyone’s guess as to when it will return.

There are many theories and speculations regarding the future of natural gas production in this area, but an industry insider, as well as a local elected official who keeps himself up to date with Marcellus shale activities, recently sat down with the Rocket-Courier to provide an indepth analysis and share their thoughts on the topic.

Continue reading

Email this to someoneShare on FacebookShare on LinkedInShare on Google+Digg thisFlattr the authorShare on RedditShare on YummlyShare on StumbleUponTweet about this on TwitterShare on TumblrBuffer this pagePin on Pinterest

John Hanger Seeks Relevance in the Radical Middle

shale gas outrages - Tom Shepstone ReportsTom Shepstone
Shepstone Management Company, Inc.

 

John Hanger, fresh off an absolutely embarrassing attempt to force through the highest severance tax in the land, seeks relevance in attack on industry.

I must confess to never being able to understand John Hanger, the former Secretary of the Pennsylvania Department of Environmental Protection (DEP) from PennFuture, who served under Governor Ed Rendell. He seems to be one of those individuals determined to be in the radical middle and by that I mean he deliberately antagonizes both sides in a debate in an attempt to position himself as the only one who truly gets it.

Hanger sought, early on, or instance, to make an example of Cabot Oil & Gas in Dimock by accusing the company of all sorts of things for which he had no evidence, bullying them into a consent agreement that gave the impression of guilt for something that could not be proved. His approach to that battle was to try to get Cabot to pay for a water line from Montrose that no one wanted, so angering the local citizenry that DEP had to later back off. It was if the guy had a martyr complex. That complex is on full display in an opinion piece he just wrote for the Scranton Times-Tribune where, yet again, he seeks relevance by creating a middle-ground that, in his mind, he alone apparently occupies.

Continue reading

Email this to someoneShare on FacebookShare on LinkedInShare on Google+Digg thisFlattr the authorShare on RedditShare on YummlyShare on StumbleUponTweet about this on TwitterShare on TumblrBuffer this pagePin on Pinterest

It’s Time to Fire John Quigley

Marcellus Pipelines - Jim Willis reportsJim Willis
Editor & Publisher, Marcellus Drilling News (MDN)

…. 

Is John Quigley purposely trying to discourage big investors from coming to Pennsylvania to do business with the Marcellus Industry? It sure sounds that way!

John Quigley should be fired, immediately. He is the Secretary of the Pennsylvania Dept. of Environmental Protection (DEP). Quigley previously worked for the anti-drilling PennFuture organization, an organization that seems to still have a big influence over him.

On Friday, March 4, in his role as DEP Secretary, Quigley did intentional, massive damage to the state’s ability to attract new investment to the Marcellus industry. Quigley used calculated, disparaging comments about the industry during a call with Deutsche Bank Markets Research, broadcast to big money investors.

Continue reading

Email this to someoneShare on FacebookShare on LinkedInShare on Google+Digg thisFlattr the authorShare on RedditShare on YummlyShare on StumbleUponTweet about this on TwitterShare on TumblrBuffer this pagePin on Pinterest

Gov. Wolf’s Demented Second Budget

Marcellus Pipelines - Jim Willis reportsJim Willis
Editor & Publisher, Marcellus Drilling News (MDN)

…. 

Pennsylvania’s Governor Tom Wolf, who cannot even get his first budget passed, just proposed a demented second budget with an even higher severance tax!

Someone needs to bring out a straight jacket for PA Gov. Tom Wolf. He’s gone stark…raving…mad. He’s not only a danger to himself; he’s a danger to all of Pennsylvania. The only thing missing from yesterday’s budget address in Harrisburg was frothing at the mouth. In his mean-spirited budget address, Wolf insulted nearly everyone present, blaming everyone but himself for the budget disaster of last year.

Continue reading

Email this to someoneShare on FacebookShare on LinkedInShare on Google+Digg thisFlattr the authorShare on RedditShare on YummlyShare on StumbleUponTweet about this on TwitterShare on TumblrBuffer this pagePin on Pinterest

Affordable Natural Gas Keeps UGI Very Busy

NEPA Energy - Johnny Williams Johnny Williams
Freelance Journalist

 

Despite industry slowdown, UGI Utilities is very busy with consumers, both commercial and residential, making the conversion over to affordable natural gas.

While natural gas E&P companies have been riding through tough times this year due to a host of factors, from low natural gas prices to the threat of a crippling severance tax, overall the industry itself has remained quite active. The need for demand growth has been the top solution for gas companies to bring them out of the low, which is something that would benefit all Americans as it will decrease the volatility in under-served regions and give more people access to clean natural gas.

Continue reading

Email this to someoneShare on FacebookShare on LinkedInShare on Google+Digg thisFlattr the authorShare on RedditShare on YummlyShare on StumbleUponTweet about this on TwitterShare on TumblrBuffer this pagePin on Pinterest

Don’t Be Fooled, Pennsylvania’s Gas Industry Already Pays

severance tax - Doug Berkley ReportsDouglas Berkley
Noise Solutions, Technical Sales & Solutions
Publisher: Tri-State Shale Traveler

….
….

If you think Pennsylvania’s gas industry doesn’t already pay taxes, you’re dead wrong. The Commonwealth has an existing impact fee that’s fair to everyone.

I have read several letters lately from across the Commonwealth where readers claim the energy industry isn’t “paying its fair share” here in Pennsylvania as they call for a new severance tax and disingenuously claim the industry isn’t taxed here.  Nothing could be further from the truth, a fact easily learned if they would just take the time to do a simple web search.

Continue reading

Email this to someoneShare on FacebookShare on LinkedInShare on Google+Digg thisFlattr the authorShare on RedditShare on YummlyShare on StumbleUponTweet about this on TwitterShare on TumblrBuffer this pagePin on Pinterest

A Great Explanation of the Severance Tax

German Renewables - Tom Shepstone ReviewsTom Shepstone
Shepstone Management Company, Inc.

 

….
….

David Madeira gives a very accurate explanation of Governor Wolf’s proposed severance tax on the natural gas industry in speaking with a caller on his show. 

Our good friend David Madeira has a popular radio show on 94.3 FM The Talker, called The David Madeira Show. This past week he did a phenomenal job explaining how the state’s proposed severance tax will really work when he received a call from “Herb from Harrisburg.”

Continue reading

Email this to someoneShare on FacebookShare on LinkedInShare on Google+Digg thisFlattr the authorShare on RedditShare on YummlyShare on StumbleUponTweet about this on TwitterShare on TumblrBuffer this pagePin on Pinterest

 Powered by Max Banner Ads