Not a Lexis Advance subscriber? Try it out for free.
LexisNexis® CLE On-Demand features premium content from partners like American Law Institute Continuing Legal Education and Pozner & Dodd. Choose from a broad listing of topics suited for law firms, corporate legal departments, and government entities. Individual courses and subscriptions available.
By Nicholas J. Habursky
Governor Tom Corbett announced on Friday that the state of Pennsylvania expects to collect $224.5 million in 2014 through Act 13’s well fee assessed on unconventional wells. This figure represents an 11% increase over the previous year. Since Act 13 became law in 2012, the total amount collected from the fee accounts for more than $630 million in revenue.
The majority of the Act 13 well fee funds are directly distributed to counties and municipalities for a variety of authorized uses. A portion of the funds are also distributed to commonwealth agencies such as the DEP and conservation programs like Growing Greener and Marcellus Legacy Fund.
Act 13 imposes a 15 year fee for companies drilling into the Marcellus Shale formation. The annual fees can range between $5,000 to $60,000 per well, depending on the current price of natural gas and the age of the well.
Copyright 2014 • Babst, Calland, Clements and Zomnir, P.C. • Two Gateway Center, Pittsburgh, PA 15222 • 412-394-5400 • Administrative Watch is privately distributed by Babst, Calland, Clements and Zomnir, P.C., for the general information of its clients, friends and readers. It is not designed to be, nor should it be considered or used as, the sole source of analyzing and resolving legal problems. If you have, or think you may have, a legal problem or issue relating to any of the matters discussed in the Administrative Watch, consult legal counsel.
For more information about LexisNexis products and solutions, connect with us through our corporate site.