A coalition of natural gas drillers in Pennsylvania is proposing the General Assembly adopt a tiered severance tax rate, which would result in lower rates for newer and lower producing wells. The tiered system would help the drillers stay competitive with other states, industry officials say.
“Most other states that have a mature gas drilling industry set it up this way,” said Terry Bossert, vice president of government affairs for Chief Oil & Gas. “It encourages more exploration and production.”
