Pennsylvania

Energy. Environment. Economy.

Background

A look at how energy extraction is reshaping Pennsylvania’s economy.

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With his first budget, Wolf gears up for gas tax fight

Governor Wolf made taxing natural gas drillers the centerpiece of his campaign. As he prepares to give his first budget address Tuesday, the issue has once again taken center stage in Harrisburg. Pennsylvania is the only major gas-producing state without a severance tax, but it does levy many other levy taxes on drillers. A gas tax [...]

Report: Pennsylvania’s effective tax rate on drillers is declining

Even though revenue from Pennsylvania’s gas impact fee has generally ticked upward over the years, the annual effective tax rate on Marcellus Shale drillers has steadily gone down– that’s according to a new analysis released by the state’s Independent Fiscal Office. The IFO is modeled on the U.S. Congressional Budget Office and provides nonpartisan analysis for budgetary [...]

Marcellus Shale production numbers break another record

Drilling companies in Pennsylvania have broken yet another record, as shale gas production jumped 30 percent last year, according to new data released by the state Department of Environmental Protection. Marcellus Shale drillers produced more than 2 trillion cubic feet of gas in the second half of 2014. Throughout all of last year, they produced [...]

Shale gas boom has utilities rushing to increase electricity supply

One of the largest electricity providers in the Marcellus Shale gas region is planning to spend $35 million in infrastructure upgrades to accommodate the increasing need for power at natural gas processing plants and compressor stations. FirstEnergy Corp. recently announced plans to expand electric substations and upgrade large electric power lines. Tim Myers, a spokesman [...]

Backers tout economic impact of PennEast pipeline

A marker shows the path of the Texas Eastern Pipeline as it a field in Lambertville, New Jersey. It is one of several natural gas pipelines buried under farms, forests, backyards and waterways in the region. A new study commissioned by the consortium of companies behind the PennEast pipeline finds it would generate $1.62 billion [...]

New year, new severance tax proposals

A bipartisan group of lawmakers say they’ve got the right formula for getting a natural gas tax through the legislature. It would include a 3.2 percent tax on gas production, while keeping the current impact fee.  The group led by Bucks county Republican Representative Gene DiGirolamo, say keeping the impact fee, which helps boost the budgets [...]

Gas industry hopes to score points with Super Bowl ads

How hot is shale gas? Hot enough to warrant ad buys during the Super Bowl on Sunday. The American Petroleum Institute has purchased local ad time during the big game in Pennsylvania, Ohio, Michigan and Colorado, touting the benefits of shale gas development. National advertisers are spending $4.5 million for 30 seconds of air time [...]

Natural gas prices drop to lowest levels in over two years

Natural gas prices have dropped to their lowest levels since September 2012, according to an analysis released today by the U.S Energy Information Administration (EIA). Since the end of December, both spot and futures prices at the national benchmark, Henry Hub, have hovered around $3 per million BTU. EIA analyst Katie Teller says this reflects strong domestic production [...]

Obama says he will veto bill to fast track pipeline permits

A bill that would set a strict deadline for approving new pipeline project applications was voted out of a House committee on Tuesday but President Obama says he will veto it if it reaches his desk. Industry groups are pushing for the “Natural Gas Pipeline Permitting Reform Act,” (HR 161), which is sponsored by Kansas [...]

Range Resources cuts spending, opens Mariner East pipeline

Pennsylvania’s most prolific gas drilling company announced Thursday it’s planning to trim capital spending by nearly half-a-billion dollars in 2015, citing softening energy markets. Nearly 95 percent of the company’s capital budget is targeted for the Marcellus Shale. From the Pittsburgh Business Times: Its 2015 capital plan will be reduced from the $1.3 billion announced [...]

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