Shale Gas News – June 29, 2019
The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on Yes FM, talked about impact fee distribution, EQT, PPT Cracker Plant and much more last week.
Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas. This week, as guests, Charles A. Schleibs, Managing director of Stone Pier Capital Advisors, LP and Jim Willis of Marcellus Drilling News.
The Shale Gas News, typically, is broadcast live. On the June 29th show, we covered the following new territory:
- PUC Details Nearly $252 Million Distribution of Gas Drilling Impact Fees; Largest Distribution to Date. HARRISBURG – The Pennsylvania Public Utility Commission (PUC) today posted detailed information about this year’s distribution of impact fees on natural gas producers – totaling $242,964,000 – on the PUC’s Act 13 website. Additionally, another $8,866,900 is being distributed to municipalities and counties where producer payments had been withheld during a long-running court case concerning the definition of a “stripper well.” Because of the unique circumstances surrounding this issue, and the potential financial impact on municipalities where the disputed wells were located, the Commission felt it was important to thoroughly calculate the stripper well collections and allocate the corrected well distributions to the municipalities that did not receive those impact fees during the years the well status had been disputed.
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