Each state creates their own tax structure and budget based on their unique demographics and economies. Yes, Pennsylvania is the largest natural gas producing state without a severance tax, BUT Pennsylvania is also the only state with an impact fee raising $225 million and is…
This past year the Impact Fees, which were enacted starting in 2012, generated $225 million in revenue to be used in counties impacted by the oil and gas industry as well as state-wide environmental improvement. A much-discussed alternative is a Severance Tax which we will look at in depth over…
Just a few weeks ago, Forbes released its list of America’s Most Trustworthy Companies – and Cabot was ranked number five in the category of Large Cap Companies. The 2014 list is the most recent version to be released by GMI Ratings. They are based on governance and accounting behaviors…
Cabot’s top priority is safety on our sites: the safety of our employees, our contractors, our landowners and the environment. We are held to the highest standards by various agencies including the Pennsylvania Department of Environmental Protection (PADEP) and the Occupational Safety and Health Administration (OSHA) as well as our…
As I read David Blackmon’s article, “Shale, Fracking Require Smarter – Not Harder – Industry Communications,” I found myself nodding along in silent agreement. The article took a look at the communications from the natural gas industry to the public and the approach to complicated and often emotional topics such…
As I highlighted last week, President Obama’s visit to Scranton last week presented an opportunity to discuss the benefits of expanded natural gas production and drilling in the region. On top of that, he was hosted by Lackawanna College – an institution that has embraced the growing natural gas industry…