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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.

The League of Women Voters of Pennsylvania said Monday it was recommending the adoption of a severance tax on natural gas extracted from the Marcellus Shale across the state.

House and Senate leaders say they're confident the General Assembly by Oct. 1 will pass a severance tax on natural gas extracted from the Marcellus shale formation, despite unresolved issues.

In connection with the completion of the 2010-2011 budget for the Commonwealth of Pennsylvania, the General Assembly has expressed its intention to pass legislation imposing a severance tax on the extraction of natural gas. The structure and rate of the t

HARRISBURG, April 3 - The state House Appropriations Subcommittee on Fiscal Policy heard testimony today on imposing a severance tax on natural gas that is extracted in the Marcellus shale formation, according to the subcommittee's chairman, state Rep. Gr

A bill that would establish a new oil and gas severance tax in Pennsylvania is moving forward. The Natural Resource Severance Tax Act would establish a tax equivalent to West Virginia's - 5 percent tax on the value of gas extracted plus 4.7 cents on ever

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.