The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

ethanol  rfs34  marcellus  north-dakota 

Mary Leshper

Mary Schaper
Posted August 16, 2013

USA Today – Our View: Ethanol Quotas Pump Money from Your Pocket

USA Today’s editorial says that the increasing ethanol mandate is “bad public policy” that the “Obama administration has some flexibility to lower mandates, but a better approach would be to repeal the law entirely.”

City Journal – The View from Marcellus

Hydraulic fracturing “brings breathtaking economic and environmental benefits – at least to places that welcome it,” writes James Panero. He also notes that in 2000, shale produced only 2 percent of our domestic oil and natural gas supply. According to government studies, 50 percent now comes from shale and unconventional sources. 

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hydraulic-fracturing  fracking  natural-gas  oil34  marcellus  environment 

Mark Green

Mark Green
Posted August 1, 2013

There’s much that impresses about hydraulic fracturing if you see it up close, which I did during a recent tour of Anadarko Petroleum natural gas operations near Williamsport, Pa.: the technology, the company’s highly skilled workers, the game-changing resource opportunities in the Marcellus Shale and more. 

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hydraulic-fracturing  natural-gas  marcellus 

Mary Leshper

Mary Schaper
Posted July 30, 2013

In this video, Dan Roupp, a third generation Pennsylvania timber and lumber farmer, notes the safety of oil and natural gas development through hydraulic fracturing in Lycoming County: 

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jobs  marcellus  shale  tax-revenue  royalties 

Mark Green

Mark Green
Posted June 14, 2013

The energy stimulus from shale development last year in Pennsylvania is big – big as in approaching a number with nine zeroes:

  • $202.4 million collected in state impact fees from energy producers.
  • $731 million in rents and royalties paid to land and mineral rights owners.

That’s nearly $1 billion from the oil and natural gas industry in terms of tax revenues for government to allocate (more below) and payments to individuals.

Pennsylvania officials announced this week $202,472,000 was collected in producer-paid impact fees in 2012. About $204 million was collected for 2011, bringing the two-year total to more than $406.6 million, state officials said. Public Utility Commission Chairman Robert F. Powelson:

“The PUC is entrusted by the Governor and the legislature with the collection and distribution of the Impact Fee monies. Again, we have met all of the deadlines in the legislation, which contains a complex and specific formula for getting this money into the hands of local communities.”

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arctic  emissions  epa34  marcellus  natural-gas  regulations 

Mary Leshper

Mary Schaper
Posted June 13, 2013

Wall Street JournalU.S. Oil Notches Record Growth

In the latest sign that  the shale revolution is remaking world energy markets,  the WSJ cites BP’s 2012 Statistical Review showing crude production in the U.S. jumped 14 percent last year to 8.9 million barrels a day. (subscription publication).

Pittsburgh Post-Gazette Pennsylvania to See $202.47 Million in Per-Well Fracking Impact Fees

A new Pennsylvania Public Utility Commission report notes that more than $200 million from hydraulic fracturing impact fees will be distributed to local governments across the state. Bradford County in the state's northeast will collect the most at $7.3 million while Washington is second at $4.7 million. Lycoming and Tioga counties follow with $4.4 million each.

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fracking  hydraulic-fracturing  marcellus  natural-gas  royalties  oil34 

Mary Leshper

Mary Schaper
Posted June 11, 2013

Pittsburgh Business TimesMarcellus Royalties Rising

The newspaper reports on a study by the Allegheny Institute for Public Policy showing that royalty income paid to land and mineral rights owners in Marcellus Shale play has skyrocketed in recent years, from an estimated $10.9 million in 2008 to  an estimated $731 million last year.

MSN Money Meet the State with America’s Strongest Economy

Thanks to the surge in hydraulic fracturing and shale development in North Dakota, the state’s GDP rose 13.4 percent in 2012 over 2011 to lead the U.S.  Per capita personal income also has soared, doubling since 2000.

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domestic-energy  hydraulic-fracturing  marcellus  marcellus-natural-gas  marcellus-production  natural-gas  new-york  penn-state-natural-gas-study  pennsylvania-natural-gas  west-virginia  economic-impacts-of-marcellus 

Jane Van Ryan

Jane Van Ryan
Posted July 21, 2010

Natural gas production in the Marcellus Shale could generate nearly $6 billion in government revenue, 280,000 new jobs and more than 18 billion cubic feet of clean-burning natural gas per day, according to a new study.

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domestic-energy  economic-impacts-of-marcellus  marcellus  marcellus-shale-coalition  natural-gas  penn-state-natural-gas-study  pennsylvania  pennsylvania-natural-gas  penn-state 

Jane Van Ryan

Jane Van Ryan
Posted May 26, 2010

new Penn State study says the development of clean-burning natural gas in Pennsylvania's Marcellus Shale formation could create 212,000 new jobs during the next 10 years and generate more than $1.8 billion in state and local tax revenues during the next 18 months. 

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