Fracking Fees Net $204M For Pa.

Law360, Philadelphia (October 15, 2012, 5:28 PM EDT) -- Pennsylvania's new legislation implementing impact fees on natural drilling in the state's Marcellus Shale has brought in $204 million in revenues in its first year of applicability, Gov. Tom Corbett announced Monday.

The fees — generated as a result of the state's controversial Act 13, which also limits local efforts to regulate drilling — will be divided between counties, state regulatory agencies and communities that host Marcellus Shale development.

The fees are based on drilling activities conducted in 2011, according to the Pennsylvania Public Utilities Commission....
To view the full article, register now.