Marcellus Shale

The effects of the Marcellus Shale on Pennsylvania's economy are far-reaching and offer huge growth opportunities for CPAs. PICPA wants to provide members with tools to maximize opportunities and best serve clients and communities.

• Background
• Recent Developments and Legislation
• Additional Resources and Articles
• Podcasts and Professional Education 
• PICPA Member Resources
• Client Relations 

• Marcellus Shale FAQs
  The Pennsylvania Department of Conservation and Natural Resources (DCNR) explains what the Marcellus Shale is, where it is located, and provides answers to other frequenty asked questions.
• An Emerging Giant: Prospects and Economic Impacts of Developing the Marcellus Shale Natural Gas Play 
  Read a Pennsylvania State University report explaining the current size, economic impacts, and future prospects of the Marcellus Shale gas industry in Pennsylvania.
• insidePOLICY: Marcellus Shale
  This extensive edition of insidePOLICY, a product of the Pennsylvania Business Council, seeks to educate businesspersons and policymakers on the Marcellus Shale industry, processes, potential, and policy concerns.

•  DEP proposes new rules for shale industry
  Read a summary of the proposed changes.
• Sales and Use Tax Issues for Mining Site Preparation
  Dept. of Revenue releases sales and use tax guidance.
• Oil and Gas FAQs
  Oil and gas FAQs are now posted under the "Oil and Gas Taxation Issues" category on the Dept. of Revenue's website.
• Marcellus Shale Final Report
  Lt. Governor Jim Cawley releaed the final report of the Marcellus Shale Advisory Commission, taking the first step toward developing a comprehensive and strategic plan for responsible gas drilling in Pennsylvania. View report.
• Overview of Senate Bill 1155
  Amends Title 16 adding provisions for required fiscal security through bonding, blanket bonding & insuring; for effects of natural gas drilling & for a Marcellus Shale Job Creation Tax Credit; and making related appeals. Read more .

•  The Marcellus Shale Shake-Up
  By Timothy J. Gooch, CPA, and Edward A. Kollar, CPA, CSEP, EA
  Pennsylvania CPA Journal, Spring 2013
• State Tax Clarifications for Shale-Drilling Regions
  By Edward A. Kollar, CPA, CSEP, EA
  Pennsylvania CPA Journal, Winter 2013
• The Marcellus Shale: Powering an American Renaissance
  Watch this video from the Marcellus Shale Coalition.
• Pennsylvania Marcellus Shale
• The Marcellus Shale Formation Information Site
• PA DEP Oil & Gas Reporting Web Site
  Search all oil and natural gas production data by operator, county or a specific well number. Also view information on industry-generated waste by operator, county or processing facility.
• Pennsylvania Department of Environmental Protection
  This site provides information about oil and natural gas operations in Pennsylvania. Visit this site and click on "Oil and Gas." Also, visit this site to find violation reports by clicking on "Gas Well Violations."
• Oil and Gas Journal
  Check out this online journal for a collection of articles relating to the oil and gas industry. Search for articles by topic. 

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Marcellus Shale Power Point Presentation 
This presentation focuses on the tax planning strategies associated with Marcellus Shale gas leases and income.

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Tim Gooch, CPA, discusses enhanced fracking technology in PICPA's "Beyond the Copy."

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