As part of the Marcellus Shale Coalition (MSC) monthly meeting, which was held in Harrisburg, Pennsylvania, Schneider Downs shareholders made some Capitol Hill visits. The purpose of our visit with Senator Wayne Fontana (D-Allegheny) was to tell our story of the impact of the oil and gas industry on our business and our clients.
The demand for Schneider Downs services by our clients has increased exponentially as organizations have created numerous public and private partnerships raising millions of dollars. These dollars are invested in Pennsylvania through leases with property owners, builders and field service operators. Also noticeable for Pennsylvania businesses is the trickle-down effect, beyond the immediate benefit to the exploration and production companies. Water haulers, quarries and construction companies have felt the benefits of the Marcellus Shale activity.
While on the Hill, we ran into several clients, familiar faces and Andy Masich Executive Director of the Heinz History Center, John O’Brien of the Master Builders Association and County Executive Rich Fitzgerald.
In addition to our MSC meeting, we also met with representatives Jeff Pyle (R-Armstrong), Brandon Neuman (D-Washington) and Dave Reed (R-Indiana). Senators included Don White (R-District 41) and Wayne Fontana (R-Armstrong). Our discussions included accounting and tax matters relating to the natural gas industry and treatment of intangible drilling costs.
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