2 Red Flags For The World’s Top Shale Play

A lot of activity the past few days in Pennsylvania: home of the Marcellus shale, arguably the world’s best-performing unconventional natural gas and liquids play right now. And it looks like things could get more complicated for drillers here going forward. Partly on the financial front. With a special committee of the Pennsylvania House passing a bill Wednesday to impose a new tax on natgas production in the state. Under the legislation, producers would be charged 2 cents tax on every mcf of gas produced — when prices are below $3/mcf.…

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