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Pennsylvania Governor's NatGas Severance Tax Bills Introduced with Near Majority Support

A wide-ranging proposal pitched by Pennsylvania Gov. Tom Wolf earlier this year to implement a severance tax that would fund a $4.5 billion infrastructure revitalization program across the state has been introduced in the state legislature with near majority support in both chambers. ....

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Oil, Gas, And Fracking News Reads: 24January 2021

The natural gas storage report from the EIA for the week ending January 15th indicated that the amount of natural gas held in underground storage in the US fell by 187 billion cubic feet to 3,009 billion cubic feet by the end of the week, which left our gas supplies just 36 billion cubic feet, or 1.2% higher than the 3,045 billion cubic feet that were in storage on January 15th of last year, but still 198 billion cubic feet, or 7.0% above the five-year average of 2,811 billion cubic feet of natural gas that have been in storage as of the 15th of January in recent years..the 187 billion cubic feet that were drawn out of US natural gas storage this week was 10 billion cubic feet more than the average forecast of a 177 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, and way more than the 97 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, as well as more than the average withdrawal of 167 billion ....

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