The Commonwealth of Pennsylvania has passed legislation that would authorize counties to impose an impact fee on unconventional gas wells.
Talisman supports a fee in principle, particularly when a significant share of the revenues would go back to counties where we operate to address impacts directly related to natural gas development, including infrastructure improvements.
However, we are disappointed that this fee as passed doesn’t take into account the current economic realities of the natural gas business. Talisman has already announced a significant reduction in activity and investment in Pennsylvania for 2012, and we feel this fee as enacted, will further hurt an industry that has been responsible for significant job creation in the state and provided billions of dollars in investment and tax revenue.
Media Inquiries
Phoebe Buckland
Media & Issues Management Lead
[email protected]
office (403)237-1657
