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PUC: Act 13 Drilling Impact Fees Will Increase For Calendar 2014
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The Act 13 drilling impact fees will increase for calendar year 2014 as a result of an increase in the average annual cost of natural gas, according to a notice published in the February 7 PA Bulletin by the Public Utility Commission. The revised fee schedule will be-- 1st Year $50,300* $10,100** 2nd Year $40,200 $ 8,000 3rd Year $30,200 $ 6,000 4th Year $20,100 $ 4,000 *Horizontal wells **Vertical Wells The fees for calendar year 2013 were-- Year 1 $ 50,000* $10,000** Year 2 $ 40,000 $ 8,000 Year 3 $ 30,000 $ 6,000 *Horizontal wells **Vertical Wells The NYMEX average annual price of natural gas was $4.415 in 2014. In 2013 the average price was $3.652. There were 1,372 unconventional gas wells spud in 2014 and 1,207 unconventional gas wells spud in 2013. There were 1,347 unconventional wells spud in 2012 and 1,205 unconventional wells spud in 2013. For more information, visit the PUC’s Act 13 Impact Fee webpage. NewsClips: Court Rejects Appeal On State Forest Leasing Editorial: Wolf Protects Public Lands From Drilling New House Bill Links Severance Tax, Impact Fee Bipartisan Lawmakers Want 3.2% Natural Gas Tax New Year, New Severance Tax Proposals Legislators Push Severance Tax To Fund Public Education Op-Ed: Fracking Moratorium Good Step, Severance Tax Needed Op-Ed: Severance Tax Could Slow American Energy Revolution Obama Proposes Extra $200M For Mine Reclamation Obama Seeks $50M Cut In Great Lakes Restoration Obama Proposes More Pipeline Safety Money Obama Budget Helps Underfunded Mine Worker Pensions |
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2/9/2015 |
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