MARCELLUS & UTICA SHALE
PA Oil and Gas report focuses on news and opinions important to local Pennsylvania landowners concerning local oil and gas drilling and development that has been accelerated by the discoveries of the Marcellus and Utica Shale formations. Check PA Oil and gas report for opinion and analysis on news important to Pennsylvania landowners.
Hess Corp. and Newfield Appalachia PA LLC sent a letter to landowners that notified them their leases are no longer in effect, according to the Northern Wayne Property Owners Alliance, which negotiated a master lease on behalf of more than 1,300 families and businesses. A three year moratorium on gas drilling has infuriated landowners who claim that it has cost them more than $187 million dollars in profit. A spokesperson for Newfield said that the company’s focus will now be on oil instead of gas. The lease termination means that landowners...read more
New York municipalities can use local zoning laws to ban the practice of hydraulic fracturing to drill for natural gas, a mid-level state appeals court said last week. The town of Skaneateles used a series of zoning laws to prohibit heavy industry last year. More than 50 New York municipalities, such as the town of Skaneateles, have banned gas drilling in the past few years, and more than 100 have enacted moratoriums on drilling activities. The court’s decision involved interpretation of state law that says that regulation of the oil and gas...read more
April 1, 2013: 2012 impact fees are due. Legislative leaders estimate the second fee payment will generate about $211 million. After years of deliberation on the issue, Pennsylvania legislators passed a bill overhauling the state’s natural gas drilling laws on February 8, 2012. Act 13 became law when Governor Corbett signed House Bill 1950 on Feb. 14, 2012. The Fee The legislation places an impact fee on every well drilling for gas in the Marcellus Shale formation. The levy will change from year to year based on natural gas prices and the...read more
PA Oil and gas report aims to provide quality analysis and opinion concerning oil and gas development in western Pennsylvania.read more