Gas Drilling

Old 12-02-2011, 08:06 AM
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Question Gas Drilling

----GOOD OR BAD?????;?

Maryland Waivers On Marcellus Shale Gas Drill-And-Tax Decision
State lawmakers politicize the issues while neighboring states drill and pump Marcellus shale gas full bore.
Compiled by staff
Published: Nov 29, 2011

Farmland owners in western Maryland's Garrett and Allegany counties can see Marcellus shale gas drilling rigs light up like Christmas trees across the borders in West Virginia and Pennsylvania. But there'll be no drilling contracts under their Christmas trees this year and quite possibly the next. The grinches of Annapolis have seen to it.

Earlier this year, Gov. Martin O'Malley appointed a 14-member commission to study the drilling issue, with a final report not due until 2014. While the report may be finalized before that, central Maryland lawmakers are already politicking to "tax the living daylights out of it," as the Marcellus Drilling News website reported yesterday.

NO MARCELLUS 'CHRISTMAS' IN WESTERN MARYLAND: Maryland lawmakers and the Governor may debate the merits and taxing potential of allowing Marcellus shale gas drilling until 2014.
Garrett County officials are already proposing a 5.5% county tax on any extracted Marcellus shale gas. "The question is, if you already have 5.5%, what do you go above that?" says State Senator George Edwards, R-Allegany & Garrett. Edwards, who is on the state commission, adds that "The most I would even consider would be a total of 10%, which would mean 4.5% for the state."

The higher the tax, the less money that will go to landowners in the form of leases and gas royalties, he adds. "You got to be careful how much because whatever you put on that end takes away from the owners of the gas, which are mainly local people who've owned these gas rights for years."

Maryland State Delegate Heather Mizeur (D-Montgomery County), is also on the governor's gas commission. She has proposed legislation to ban Marcellus shale gas drilling in the state until it is determined that it won't not taint water.

"We expect robust support," Mizeur notes. "The fuel source isn't bad. We're just concerned about the extraction (horizontal drilling and fracking) method."

Mizeur also is reportedly open to a much higher state-level tax
Old 12-02-2011, 08:58 AM
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They will look at drilling right after the new Bay Bridge gets completed
Old 12-02-2011, 12:05 PM
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So like MD, study it to death, and do it anyway and screw it up when you do.

Slots come to mind. They have to make sure all the appropriate pockets get lined.

Sure as hell wouldn't move here if I wasn't born here.
Old 12-02-2011, 12:08 PM
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Drill drill drill.... Any drilling in yankee land is great. Bout time.................. Throw out these silly regulations and let big oil produce some jobs.
Old 12-07-2011, 06:47 AM
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Originally Posted by scottdd1 View Post
So like MD, study it to death, and do it anyway and screw it up when you do.

Slots come to mind. They have to make sure all the appropriate pockets get lined.

Very accurate.

Have a spreadsheet showing exactly whose pockets get lined and by how much each month from the Casino here. Said pockets are the gov'ts of whichever municipalities, etc are harmed or more accurately those which are able to slow the process with legitimate complaints.

In the case of the Casino here they picked folks they thought to be local 'names' and put them on a committee which got to have some impact on how the bribe money was split up. They painted a prettier picture than that for it of course but in function that is exactly how it worked.

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