Lots of talk here about passing a severance tax here in Pa. But with gas prices low, the rig count has already dropped substantially. If they pass an additional tax of 5% that will have a major impact, especially since that would be 5% of the gross not 5% of the profit. With all the other taxes already paid by companies and their employees, that could be a big blow to the industry. Could even end up that the state would collect less revenue if they pass the new tax.
Tags:
Permalink Reply by Philip Thackray on June 25, 2014 at 4:57am Jim,
According to Rig Data there are 72 rigs operating in PA right now. Up from previous weeks.
Phil
Jeff replied to Petroleum Attorney 1976's discussion 'FYI- Mineral Owners in the State of Ohio (Utica Shale area's)'
© 2026 Created by Keith Mauck (Site Publisher).
Powered by
| h2 | h2 | h2 |
|---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com