Tag: PA
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Pennsylvania Supreme Court Gives Towns More Control Over Drilling Rights
HARRISBURG, Pa. (AP) — The Pennsylvania Supreme Court on Thursday struck down portions of a law that stripped some of the powers municipalities have to decide where the natural gas industry can operate — portions that the industry had sought from Gov. Tom Corbett and lawmakers. The justices ruled the 2012 law unconstitutionally restricted the…
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Gas Wells in PA Up; Revenue to Towns Down
Gas Wells in PA Up; Revenue to Towns Down While the number of natural gas wells in Pennsylvania increased by 26% to 5,500 this year, revenues from fees to municipalities are down. The culprit? The low price of natural gas. But in rosier news, gas prices have increased 50% to almost $4.00 from about $2.00…
Hoyt Royalty, LLC 