Pittsburgh Legal Newslog: Marcellus Shale Gas Play Raises Legal Issues.
Posted By Cliff Tuttle | May 9, 2009
Posted by Cliff Tuttle
The Marcellus Shale natural gas pool in Western Pennsylvania, called the greatest gas bonanza since [fill in the blank], has made a lot of news lately. It has also raised some legal issues.
Tax Issues
Clean and Green tax preferences, intended to keep agricultural lands agricultural, are subject to “rollback taxes” when land is developed. Two House Bills are trying to change the game. Hearings were held in Williamsport on the subject.
Williamsport Sun Gazette, May 8, 2009.
Meanwhile, Governor Rendell had proposed adoption of a gas severence tax as a way of balancing the State budget. However, Republican legislative leaders have criticized the plan as killing the goose that has yet to lay the golden egg and note that the plunging price of gas has already put a chill on drilling activities.
Philadelphia Inquirer, May 9, 2009.
Bucks County Courier Times, May 9, 2009.
For those who want to read up on Marcellus Shale exploration, here’s a selection of articles compiled by Geology.com.