Archives for July 2009

Penn State: Marcellus Shale Development Expected to Create 98,000 Pennsylvania Jobs by 2010, $14.17 Billion Impact

Proposed Severance Tax Would Hurt Jobs, Investment, and Result in $1.4 Billion in Less State, Local Tax Revenue HARRISBURG, Pa. – Marcellus Shale development will pump $14.17 billion into the state’s economy in 2010 and create more than 98,000 jobs, while generating $800 million in state and local tax revenues, according to an economic study […]

PA’s Oil, Gas Industry Opposes Fracture Stimulation Reporting Bill in Congress

Proposed federal legislation would duplicate existing Pennsylvania regulation on gas well fracture stimulation CANONSBURG, Pa. – Representatives of Pennsylvania’s oil and gas industry expressed their opposition today to the proposed FRAC Act in Congress that would create duplicative regulation of the hydraulic fracture stimulation process used to drill natural gas wells. “Hydraulic fracture stimulation has […]