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PA Leasing Moratorium?

By Greg Russell

We mentioned earlier that it was unlikely that a severance tax would be imposed on Marcellus production in Pennsylvania this year (see here).  It appears that doesn't sit well with the current governor (from the Philadelphia Inquirer):  "Gov. Rendell signed an executive order Tuesday that bans further leasing of state forests for Marcellus Shale natural gas drilling, a move lauded by environmentalists but shrugged off by Republicans as the symbolic effort of a lame-duck leader."

Tags: Marcellus, Energy

Helping clients with their energy and environmental needs

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