New Taxes in Pa., New York?

摘要

In terms of legislative action in other shales, Mark Wasem, a partner at Fulbright & Jaworski LLP, said that with production of the Marcellus shale in Pennsylvania in its early stages, much of the legislative work surrounds issues such as severance taxes and water. "Pennsylvania is one of only 16 states without a severance tax. To fix that omission, Gov. Ed Rendell proposed a two-part severance tax. The first part would be 5% of the market value of gas produced at the wellhead. The second would be a 4.7￠ per thousand cubic feet of gas produced," he said.