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Energy & Resources

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Impact Fee vs. Severance Tax

Natural gas producers for unconventional wells do pay something; it’s in the form of an impact fee. Impact fees arose from PA Act 13 of 2012. In ... read more >

West Virginia Strikes Gold with Shale Gas Development

In the midst of President Trump’s three-day mission to China to forge energy deals between the two nations, at least one was finalized. On November ... read more >

Shale Gas Generates Some Real Savings For Industrial and Commercial Consumers

A study from the University of Pennsylvania’s Kleinman Center for Energy Policy titled “Pennsylvania’s Gas Decade: Insights into Consumer ... read more >

Thompson's Cooperative Management Mineral Rights Act

On October 2, 2017, the U.S. House of Representatives passed a bill, the Cooperative Management of Mineral Rights Act of 2017, which was introduced by ... read more >

Hedge Accounting Changes

Companies have indicated that the hedge accounting requirements in current guidance sometimes prevent companies from properly recognizing the economic ... read more >

Severance Tax on the Horizon?

Currently, the Pennsylvania legislature is in the process of approving and finalizing the fiscal year 2017-2018 budget. The revenue portion of the state ... read more >

Some Property Rights Contracts May Get Relief from the Lease Standard

The Financial Accounting Standards Board (FASB) issued a proposed amendment to Accounting Standard Update 2016-02 Topic 842 – Leases (ASU 2016-02) ... read more >

Hurricane Harvey: Rain Falls, Gas Prices Rise

When meteorologists merely project a hurricane’s path across an area that produces large quantities of oil and natural gas and has a large refining ... read more >

Shale Oil Producers Continue to Challenge OPEC's Pricing Power

For the past four months in a row, there have been increases in shale oil production of more than 100,000 barrels per day, according to data compiled by ... read more >