This year, $220 million is expected to be generated from impact fees, which is returned to the counties and municipalities where drilling is taking place.
Drilling has declined due to depressed oil and natural gas prices, but production has been growing.
Word of the Week
Typically large standing structure that creates holes in the ground. Sometimes referred to as a “Christmas tree” when lit up at night.
The final rule ensures that wells are properly constructed to protect water supplies, fluids flowing back to the surface due to fracking operations are managed in an environmentally responsible way and that there is public disclosure of chemicals used in fracking fluids.
A total population loss of 0.5 percent, or about 1,600 residents, from 2013 estimates was noted for the 10 county region of the Ohio Upper Valley.
Pennsylvania is the only state with major oil and gas production that does not have a severance tax.
Pennsylvania’s legacy drilling representatives questioned when the new rules would apply to conventional drilling operations, if at all.
Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914.
Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.