Pennsylvania Department of Environmental Protection Proposes 250% Permit Fee Increase for Unconventional Gas Wells
The Pennsylvania Department of Environmental Protection (DEP) has proposed a 250% permit fee increase for all unconventional gas wells. This would increase
ASU 2018-01 Lessens the Blow of Accounting for Land Easements Under New Lease Requirements
Back in February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842), to increase
Pa. Legislators Hope to Cut Permit Red Tape, Smooth Path for Drillers
The Pennsylvania Department of Environmental Protection (DEP) claims it will render a decision on a drilling permit for new well within 45 days of application.
New PA Withholding Requirement on Royalties, Bonus Payments, Rents and other Business Income
Under Act 43 of 2017, anyone that pays Pennsylvania-source non-employee compensation or business income to a non-resident individual or disregarded entity
Like-Kind Exchange Repealed for Equipment - Opportunity Still Exists for Mineral Rights
Effective after December 31, 2017, the Tax Cuts and Jobs Act repealed the favorable tax deferral treatment to company cars, drilling rigs, mining equipment
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