Severance tax on Marcellus Shale drillers

Posted on January 31st, 2010 in News and Commentary

Severance tax on Marcellus Shale drillers

From Central Pennsylvania News:

“Gov. Ed Rendell is slated to introduce a state budget proposal Feb. 9, and he has said he will renew efforts to pass a tax.

“ExxonMobil announced Dec. 14 that it would buy XTO Energy for $31 billion. XTO holds more than 30 well-drilling permits in the state’s Marcellus region. The deal showed the state’s Marcellus industry was no longer an infant, one observer said.”

To read the full story, click here.

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