John Capwell
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House Bill 2673 Proposed Severance Tax

Started this discussion. Last reply by Bill Sep 28. 4 Replies

i just read through the 28 page proposed bill. As I studied the bill it occurred to me that I could not locate a protection for royalty owners. The protection I am looking for is one which prohibits…Continue

Tags: 2673, Bill, House, Pa.

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Bill replied to John Capwell's discussion 'House Bill 2673 Proposed Severance Tax'
"I'll have to check my original lease, but I believe there is a clause that states exactly that."
Sep 28
John Capwell replied to John Capwell's discussion 'House Bill 2673 Proposed Severance Tax'
"Pennsylvania"
Sep 27
Bullfrex replied to John Capwell's discussion 'House Bill 2673 Proposed Severance Tax'
"I would guess that if this Bill passes in PA, the rights' owner will indeed pay their pro-rata share of any severance tax. "
Sep 27
Nancy Mosley replied to John Capwell's discussion 'House Bill 2673 Proposed Severance Tax'
"What state is this?"
Sep 27
John Capwell added a discussion to the group Bradford County, PA
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House Bill 2673 Severance Bill

http://www.legis.state.pa.us/CFDOCS/Legis/PN/Public/btCheck.cfm?txtType=PDF&sessYr=2017&sessInd=0&billBody=H&billTyp=B&billNbr=2673&pn=4098It is time to contact members of the Pa House of Representatives. The above link will take you to the bill text. In the bill, I can find no language which…See More
Sep 27
John Capwell posted a discussion

House Bill 2673 Proposed Severance Tax

i just read through the 28 page proposed bill. As I studied the bill it occurred to me that I could not locate a protection for royalty owners. The protection I am looking for is one which prohibits Oil & Gas Companies from passing the tax along as a deduction against the royalty owner. In essence, my view, is that if this were done it would be a “staked” or double taxation since we all ready must pay the 3.07% income tax on the royalties we receive. If if I missed a line then I would enjoy…See More
Sep 27
John Capwell replied to Ken Gibbs's discussion 'Group activity' in the group Bradford County, PA
"I am again watching the DEP permitting site. A few permits show up for new wells but those seem to be for Chief and predominantly in the Overton area. The supply of gas in storage remains high and with natural gas produced as a byproduct of oil well…"
Sep 3
John Capwell replied to charles skellett's discussion 'pocket change............'
"Ron Hale's first sentence says it all. Do not sit back and be a spectator, be an active participant. Perhaps legal action and letters but I do feel that there are other avenues. If gas is being "stolen" under the guise of market…"
Jul 3, 2016
John Capwell replied to T Conner's discussion 'Chesapeake no payment for May 2016; March 2016 gas'
"Don: Thank you for all of the contact information. I hope that the phones and email response gets their attention in our favor."
Jun 25, 2016
John Capwell replied to T Conner's discussion 'Chesapeake no payment for May 2016; March 2016 gas'
"Reading all the discussion there seem to be a number of apologists for the actions of the company. Lacking from the discussions is fairness. Assurances to leaseholders have not been met and in fact are altered without explanation. There is no…"
Jun 22, 2016
John Capwell replied to T Conner's discussion 'Chesapeake no payment for May 2016; March 2016 gas'
"You do realize that if Chesapeake vehicle access is blocked to the well, either by a civilian vehicle "breakdown" or civil disobedience, Chesapeake would have to walk in and shut the valve off themselves. I suppose if enough…"
Jun 18, 2016
John Capwell replied to T Conner's discussion 'Chesapeake no payment for May 2016; March 2016 gas'
"Marilyn: your frustration and anger is justified. I attended a meeting in Albany Township, Bradford County on Tuesday. Senator Yaw's office had a representative there and new to the scene was Senator Wagner (York County). Another bill for…"
Jun 17, 2016
John Capwell replied to T Conner's discussion 'Chesapeake no payment for May 2016; March 2016 gas'
"Chesapeake suspended royalty payments through inflated "production" costs. Other unit partners still pay for production but Chesapeake pays nothing. We are now covering their toilet paper costs in Oklahoma. Call and demand a production…"
Jun 11, 2016
John Capwell replied to Wayne Miller's discussion 'Anadarko lease re-assignments' in the group Bradford County, PA
"The sales in Bradford County of undeveloped leases for Anadarko is just the tip of the iceberg. They are cash strapped. http://finance.yahoo.com/news/anadarko-raise-cash-more-asset-141113472.html Anadarko is a partner in a number of wells in…"
May 10, 2016
John Capwell replied to N Bohl's discussion 'DEP Permit Question' in the group Tioga County, PA
"There are several answers to your question but the common denominator is money. The cost of giving up a well site means returning it to its original contours, among other abondonment factors. Gas prices will rebound in the future, how far into the…"
May 3, 2016
scott brion replied to John Capwell's discussion 'Offers to buy a portion or all of your mineral rights' in the group Bradford County, PA
"Hi John, A big part of your answer is that investors look at mineral rights a little differently than a landowner who might not have put any value on their oil & gas rights 10 years ago.  Most mineral investors have a pretty long time…"
Jan 26, 2016

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Concerned Citizen
Which state(s) are you following?
Pennsylvania
What shale plays do you follow?
Marcellus, Utica

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