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.

Rendell proposes severance tax on natural gas

Governor ‘s Budget address : On Wednesday, Governor Rendell proposed a severance tax on natural gas that is in his words, ”is the same as West Virginia.”

From the Governor’s Executive Budget: “Proposed Change: A new tax on the severance of natural gas within the commonwealth is proposed.

The tax base is the value of the natural gas when severed. The rate is 5% of the value of the natural gas at the wellhead plus $0.047 per thousand cubic feet of natural gas severed. The tax is effective October 1, 2009.”

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