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.

GlobalData: New tax measure threatens to slow Marcellus shale gas development

Taxing a highly productive industry that supports thousands of jobs and generates billions in economic output and millions in tax revenues has negative economic consequences for the Commonwealth of Pennsylvania, according to a Natural Resource Economics, Inc., study released today by the Associated Petroleum Industries of Pennsylvania (API-PA).

“Higher energy taxes could put a damper on energy activity, and the Commonwealth could be worse off with a new severance tax,” said API-PA Executive Director Stephanie Wissman. “Natural gas development supports hundreds of thousands of jobs in Pennsylvania, contributes $34.7 billion annually to the state economy and has boosted profits in more than 1,300 businesses of all sizes up and down the energy supply chain.”

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