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Year-End Participation in Oil and/or Natural Gas Drilling Programs

For many taxpayers, the decision to participate in an oil and/or natural gas drilling program is a near year-end event. However, waiting until the last ... read more >

Pennsylvania Intangible Drilling Cost on Oil and Gas Operators

The expansion of natural gas drilling in the Marcellus Shale regions of Pennsylvania has not only caught the attention of conservationists and environmentalists ... read more >

Pennsylvania Collections on Proposed Assessments

As a result of the recession and the various federal budget cuts, many states are currently in a budget crisis, where spending exceeds collections. Pennsylvania is no exception, where spending has exceeded collections/revenues by $487 million for the first six months of the fiscal year ending June 30, 2012.... read more >

Tax Implications for Private Clubs Involved in Marcellus Shale Leasing

The continuing expansion of Marcellus Shale drilling has brought with it some serious tax issues for private clubs that are normally tax exempt under Internal Revenue Code Section 501(c)(7).... read more >

Taxation of Dispositions of Oil and Gas Interests

The current interest of investors and/or developers in gaining access to the Marcellus Shale has provided numerous landowners with formal offers to either ... read more >

Pennsylvania's Governor Proposes Natural Gas Severance Tax

The possibility of a tax on natural gas produced in Pennsylvania has surfaced again. Proposed in Governor Ed Rendell’s speech in February 2008 as ... read more >

Governor Rendell Proposes Tax on Natural Gas

Pennsylvania Governor Edward Rendell has proposed a new severance tax on the value of natural gas at the wellhead. ... read more >

Marcellus Shale Find Creates Buzz in Natural Resources Industry

Marcellus, the current buzz word in the natural gas industry, has presented some landowners who own their mineral rights with an opportunity to lease their ... read more >