Tom Wolf and the "Extraction Tax"

TV ads are saying Pa governor hopeful Tom Wolf wants to enact an Extraction Tax against drillers in Pa.

 

What affect do you think this will have on O&G companies wanting to drill and what affect will this have on our royalties, especially those with a net lease?

 

Is this tax already in effect in Ohio or WVa or Texas for that matter? Is this considered an ad valorum tax?

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Permalink Reply by gary smith on February 27, 2014 at 8:32am

how does a politician change a contract?

Permalink Reply by Moldyoak on February 27, 2014 at 10:54am

They can't.  Furthermore, this idiot can promise to play Robin Hood all he wants to save the poor maligned children, but he can't do anything without getting it through the PA legislature.  Not that this couldn't happen, as when money's involved, of course everyone wants to hog the whole pie both sides alike, but it'll take more than just some silly catch phrases targeted at the welfare queens in the cities. 

Permalink Reply by gary smith on February 27, 2014 at 12:43pm

I hope he does play robin hood. steal from the government and give it back to us. hahaha

Permalink Reply by RB on March 2, 2014 at 9:41am

Let's add the landowner protection suggestion to his facebook page

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