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During the Marcellus Shale debate, one of the Republican talking points we heard was that if PA's severance tax was too high, or if our environmental regulations were too strict, natural gas drillers would move across the border to Ohio. The theory was that high taxes and high regulatory costs would lead to less drilling, by driving up the cost of production. This was always a silly argument, since less drilling would mean higher prices for gas, and leading to more sustained interest in drilling.

IBISWorld Industry Report 21111 Oil Drilling & Gas Extraction in the USDecember 2011  |  Justin Molavi Natural growth: Natural gas is set for a boom as oil maintains volatile trajectory IBISWorld Code: 21111 NAICS 2002 Code: 21111 NAICS 2007 Code: 21111 Forecast to: 2016 Next Expected Publish Date: April 2012 Major Players Referenced:  Chevron Corp  ConocoPhillips  BP PLC  Royal Dutch/Shell Group  Exxon Mobil Corporation Industry Definition Firms in this industry operate and develop oil and gas field properties. Activities include: the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recovery from natural gas; and recovery of hydrocarbon liquids. Firms may operate oil and gas wells on their own account or for others on a contract or fee basis.

Pennsylvania sits atop one of the largest natural gas deposits in the world. The Marcellus shale formation could hold enough recoverable natural gas to fuel the nation's gas needs for 19 years. New drilling technology means that drillers are just now star

KTA Supports Severance Tax on Gas Drilling

A well-structured severance tax on natural gas production will provide Pennsylvania with a stable source of revenue for critical services, including education and health care, as well as for the environmental and local costs that come with increased drill

The House Environmental Resources and Energy Committee today voted 17-9 to report out House Bill 1489 (George-D-Clearfield) which includes yet another version of a severance tax on natural gas production and includes a tax credit to help drilling companie

"The report doesn't take a position on the severance tax," said Blumsack. "We don't say that there should be a tax, we don't say that there shouldn't be a tax. That's not the purpose of this report." Blumsack told WJAC-TV that any additional regulations

B0531-GL - Global Oil & Gas Exploration & Production - Global Industry Report About This Report Published Date:     21 Feb 2012 Report Content: 38 pages Code Code: B0531-GL Forecast to: 2018 Next Expected Publish Date: August 2012 Major Players Referenced:  Saudi Arabian Oil Company  National Iranian Oil Company  Exxon Mobil Corporation  PetroChina Company Limited  Petroleos Mexicanos  Royal Dutch Shell plc  The British Petroleum Company p.l.c. INDUSTRY DEFINITION Firms in this industry explore for, develop and operate oil and gas fields. This industry includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, the production of natural gas, sulfur recovery from natural gas and the recovery of hydrocarbon liquids.