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Tag Archives: Marcellus Shale natural-gas production

Wolf’s severance tax would set a minimum value on gas produced

Gov. Wolf’s proposed severance tax on Marcellus Shale natural-gas production contains a unique feature that sets a minimum taxable level, guaranteeing that the state would capture its share no matter how low the gas price sank. The severance tax, dubbed the Pennsylvania Education Reinvestment Act, would set a minimum value of $2.97 per thousand cubic feet (Mcf) for all natural ...

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