Marcellus Minutes is a subscription-based newsletter sent to all subscribers registered through the Marcellus Minutes website that contains information on legislation including bill tracking, committee hearings and news from the Capitol in Harrisburg. Access to the website is free and provided to those directly involved and those with an interest in Pennsylvania’s oil and gas industry.

Gene Yaw opposes proposed severance tax on Marcellus Shale drillers

State Senator Gene Yaw recently became the latest Pennsylvania lawmaker to join Speaker of the House Mike Turzai’s opposition to Gov. Tom Wolf’s proposed 5 percent severance tax on Marcellus Shale drillers.

Turzai told the Pennsylvania Business Daily last week that the measure was a “job killer.”

“I do not support Gov. Wolf’s proposed severance tax,” Yaw said in an interview with the Pennsylvania Business Daily. “The tax is based on average production and production is currently down so it makes no sense to tax it at this point.”

Wolf estimates the tax would produce $1 billion in revenues, but Yaw argues that is not going to happen, based on current production.

“The tax would have to be 20 percent [based on current production levels] to produce a billion dollars,” Yaw said.

Yaw represents five counties, four of them in the Marcellus Shale region.

Read More

 Marcellus Minutes © 2015 | 4075 Linglestown Road, PMB 356 | Harrisburg, PA 17112 | Bigley and Blikle, LLC