Energy Inc: Here's your first look at 2014 shale-gas impact fees

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June 2, 2015

This week in Pittsburgh energy Five things to know in energy today, Norfolk Southern's potential challenge to crude-by-rail rules, and how Pennsylvania's proposed severance tax would compare to other gas-producing states. State's shale gas impact fee revenue down slightly in 2014 $223.5M will go to counties and municipalities, according to the Pennsylvania Public Utility Commission. Five things to know about energy today Compression system to be built for Rex Energy; DEP renewing power plants' Clean Air permits; IPO to aid China's Westinghouse AP1000 reactor project; lower service costs, better drilling spots boosting E&P balance sheets; and proceeds from land sale should help ease Magnum Hunter's balance sheet. Norfolk Southern considers legal challenge to federal crude-by-rail rules In a letter to Pennsylvania Gov. Tom Wolf, CEO C.W. Moorman said the company is considering its options. Pennsylvania severance tax would be higher than other gas-producing states, state revenue analyst says According to Matthew Knittel, director of Pennsylvania's Independent Fiscal Office, the severance tax, as proposed, would carry an effective tax rate of 7.3 percent. DEP fines gas producer over fatal explosion Chevron Corp.'s Appalachia unit will pay a $940,000 penalty. Westinghouse opens United Arab Emirates office Cranberry Township-based nuclear company hopes to increase its work throughout the Middle East. TOP HEADLINES What higher-paying jobs have grown since 2010 in Pittsburgh region? Allegheny, Westmoreland companies win energy-efficiency grants MDS looking to raise $100 million for oil and gas deals Shell tells residents what to expect from construction if it decides to build in Beaver County Pittsburgh office of Skanska has energy business on its radar Wolf launches statewide task force to study pipelines Hedge fund takes passive stake in Rex Energy Magnum Hunter Resources divesting some West Virginia acreage

ENERGY BUSINESS PULSE SURVEY: Do you think a severance tax will be part of Pennsylvania's budget? PITTSBURGH BUSINESS EVENTS Pittsburgh Business Events   NATIONAL ENERGY NEWS St. Louis Business Journal Peabody lists liabilities in Patriot bankruptcy Triad Business Journal Analyst says Duke Energy may prove best-performing utility Denver Business Journal Scott Key out as IHS CEO; exit was 'personal in nature' Cincinnati Business Courier A new pipeline is being installed under the Ohio River Pacific Business News Solar aircraft flight to Hawaii diverted to Japan due to weather Houston Business Journal Exxon Mobil gets DOE approval for wider LNG exports at Alaska terminal Kansas City Business Journal Former Inergy president will lead new Crestwood Midstream division Charlotte Business Journal Construction ahead of schedule at Charlotte waste-to-energy plant Atlanta Business Chronicle Southern Power buys Pawpaw Solar Facility in Georgia

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