By Andrea: http://oilshalegas.com
Gov. Rendell visited Tioga County, PA in the heart of the Marcellus shale on Friday, August 27 to "repeat his call for the state Legislature to enact a gas severance tax by Oct. 1." Mr. Rendell's plan is to implement a 5% levy on the value of natural gas plus an additional 4.7 cents for each 1,000 cubic feet of gas produced, very similar to the current tax in West Virginia. Marcellus gas producers in the area are not happy with the tax plan, claiming that it is too high, but Mr. Rendell states, "Pennsylvania is the 15th largest production state for natural gas, but is the only major fossil fuel producer that does not levy a tax on natural gas extraction. That's just not fair."
Mr. Rendell estimates $70 million could be generated for the state by the Marcellus Shale tax this fiscal year to help erase a $282 million deficit in the budget.
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Antrim Shale - ANWAR Oil Shale - Austin Chalk - Avalon Shale - Bakken Oil Shale - Barnett Shale - Bone Spring - Bossier Shale - Brazil Oil Field - Cardium Shale - Chainman Shale - Chattanooga Shale - Collingwood Shale - Cumnock Shale - Duvernay Shale - Eagle Ford Shale - Exshaw Shale - Fayetteville Shale - Granite Wash - Green River Basin Oil Shale - Haynesville Shale - Horn River Shale - Huron Shale - Kern County Oil Field - Leonard Shale - Marcellus Shale - Monterey Shale - Montney Shale - Niobrara Shale - Permian Basin - Piceance Basin -Spraberry Field - Tuscaloosa Marine Shale - Utica Shale - Wolfberry Trend - Wolfcamp Shale - Woodford Shale - Oil Sands - China Shale - Mineral Rights - Index of Shale
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