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org7172557156
June9,2014
GasProductionBooms,DrillersCorporateTaxPaymentsPlummet
ThemarketvalueofnaturalgasproducedinPennsylvaniaexceeded$11.8billionin2013yetnaturalgas
producerspayamongthelowesteffectiveproductiontaxratesinthecountry.1Companiespaid$223
millioninimpactfeeforgasproducedin2013,2foraneffectivetaxrateoflessthan1.9%.
RecentreportsbythePennsylvaniaIndependentFiscalOffice3andHeadwatersEconomics/Oklahoma
PolicyInstitute4bothidentifiedPennsylvaniaashavingthelowesteffectiveproductiontaxrateinthe
shalestatesthegroupsstudied.
Evenasgasproductionboomed,corporatenetincometax(CNIT)paymentsmadebydrillingcompanies
havefallentopreMarcellusdrillinglevelsaccordingtoDepartmentofRevenuecompileddata.In2013,
oilandgasproducers5paidjust$10.3millionincorporatenetincometaxes.AbigjumpinCNITin2011
provedtobeananomaly,asmorerecentcorporatetaxpaymentshavefallentobelow2008levels.In
2013,oilandgasproducerspaidjust9%ofcorporateincometaxescollectedfromtheindustrywhile
drillingsupportcompanies,pipeline,distributionandotherrelatedcompaniespaidtheother91%.6
DrillingcompaniesinPennsylvaniaoperateinafavorabletaxenvironment.Theycantakeadvantageof
federaltaxincentivestoreducebothstateandfederaltaxableincomeandcanestablishsubsidiaries
thatallowtheirinvestorstopayPennsylvaniaslowpersonalincometaxratherthantheCNIT.When
theydopaycorporateincometaxes,Pennsylvaniasleakytaxsystemallowsforeasyshiftingofprofits
outofstate.Pennsylvaniasmanufacturingsalestaxexclusionsmakemuchoftheequipmentand
suppliespurchasedbydrillerstaxexempt.Companiesdonotpaypropertytaxesonthevalueofoiland
gasreserveshere,taxestheypayinotherstates.
NITPayments in$millions
CorporateNetIncomePaymentsbyDrillers(OilandGasExtractionCompanies
NAICS2111)Peakedin2011,ReturnedtoPreMarcellusLevels
$120.0
$100.0
$80.0
$60.0
$40.0
$20.0 $7.2
$0.0
2006
$105.4
$9.2
2007
$19.6
2008
$17.1
2009
$7.4
$22.9
2010
2011
2012
$10.3
2013
Source.PennsylvaniaBudgetandPolicyCenteranalysisofPennsylvaniaDepartmentofRevenuedata
WithPennsylvaniafacingabudgetdeficitofmorethan$1.5billionfor201415,newrevenueis
necessarytoavoidnewcutstoeducation,healthcare,andearlychildhoodbudgets.Oneidea,
championedbyabipartisangroupoflawmakers,istoenactaseverancetaxonnaturalgas.A5%tax
wouldraisealmost$400millionontopofthecurrentimpactfee.
ProducersTaxPaymentsPlummet
ThePennsylvaniaDepartmentofRevenue(DOR)regularlypublishesdataontaxespaidbytheoiland
gasproductioncompanies,othercompaniesrelatedtooilandgasactivity,andtheiremployees.7
Pennsylvaniahashadalonghistoryofoilandgasactivity,andin2006,wellbeforeunconventionalgas
productiontookoffintheMarcellusShale,869companiespaidatotalof$158millionincorporatetaxes
(CNITandcapitalstockandfranchisetax(CSFT)),salestaxes,andpersonalincometaxeswitheldfrom
theiremployees.
Afteralargeincreaseinpaymentsin2011,corporateincometaxrevenuefromproductioncompanies
(thecompaniesthatpaytheimpactfeeoraproductionbasedseverancetax)hasplummetedtopre
shaledrillinglevels.Totaltaxpaymentsgrew
to$443millionin2011,decliningto$265
PennsylvaniaShaleGasProduction
millionin2013,thelastfullyearofdata.
(BillionCubicFeet)
4,000
In2013allcorporatetaxpaymentsfromthe
3,103
3,000
oilandgasindustry,asdefinedandidentified
2,036
byDOR,werejust4.3%oftotalcorporate
2,000
incomeandcapitalstocktaxrevenue.
1,068
Paymentsfromthedrillingcompanies,
1,000
396
65
1
1
themselves,equalledonly0.5%oftotal
collections.8SeeAppendix1forcompletelist.
2007 2008 2009 2010 2011 2012 2013
Sources.EIAandPADEP
OilandGasCompaniesUseManyStrategiestoLowerTaxLiability
Thenaturalgasindustryopposestheenactmentofaseverancetax,arguingthatitpaysaconsiderable
amountintaxesandthatitsimplycannotaffordanymorethanthecurrentimpactfee,enactedinAct
13of2012.9
However,acloserexaminationshowsthisworryisanexageration,particularlyregardingcorporate
incometaxes.
Amyriadoffederalandstateenergyandmanufacturingtaxcreditsanddeductionsallowcompaniesto
dramaticallyreducetheirtaxableincomeatthefederalandstatelevels,somuchsothatsomemay
avoidincometaxesaltogether.RangeResources,thethirdlargestnaturalgasproducerinPennsylvania,
hasacknowledgedthisforseveralyearsinitsannualfilingswiththeSecurityandExchangeCommission
(SEC).
Wearesubjecttostateandfederalincometaxesbutarecurrentlynotinacashtaxpayingpositionfor
federalincometaxes,primarilyduetothecurrentdeductibilityand/oracceleratedamortizationof
intangibledrillingcosts(IDC).Atthistime,wegenerallydonotpaysignificantstateincometaxesdue
toourstatenetoperatinglosscarryoversandourabilitytofollowthefederaltreatmentofdeducting
IDCinmostofthestatesinwhichweoperate.10(Emphasisadded)
Majorsubsidiesatthefederallevelincludetheimmediatewriteoffofintangibledrillingcosts,
permittingoilandgasproductiontoqualifyfordomesticproductiondeductions,andtheuseofspecial
percentagedepletionratesthatallowdrillerstodeductexpensesinexcessoftheiractualcosts.These
PABudgetandPolicyCenter412N.3rdSt,Harrisburg,PA17101www.pennbpc.org7172557156P a g e |2
threeincentivesareprojectedtocutfederaltaxcollectionsby$37billionoveradecade.11Since
Pennsylvaniascorporateincometaxisbasedonfederaltaxableincome,drillersareabletoreduce
Pennsylvaniataxableincome,andconsequentlycorporateincometaxpayments,asRangeResources
acknowledged.
Drillingcompaniesarealsoabletotakeadvantage
ofstatetaxincentives,whichincludetheResearch
andDevelopment,12JobCreation,andEducational
AT THIS TIME, WE GENERALLY
ImprovementTaxCredits13andtheCSFTandsales
DO NOT PAY SIGNIFICANT
taxmanufacturingexemptions.Infutureyears,they
STATE INCOME TAXES. Range
willbeeligibleforthePennsylvaniaResource
Resources, Form 10-K, 2013 Annual
ManufacturingTaxCreditfromtheproposedShell
Report
crackerplant.
MostShaleWellOperatingDrillingCompaniesareStructuredasPartnershipstoHelpReduceTaxation
OilandgascompaniesoperatinginPennsylvaniaoftensetupsubsidiarycompaniesinthestatefora
varietyofreasons,includingattractinginvestorsandloweringtaxbills.Manyofthesesubsidiariesare
structuredasnoncorporateentities,orwhatisknownaspassthroughentities.Thismeansthatstate
incometaxesflowdirectlytoownersratherthanbeingpaidbythepartnership.Ownerscanbe
individualsorcorporations.Whenthetaxesflowtoindividuals,theypayPennsylvaniaslow3.07%
personalincometaxrate,ratherthanatthecorporatenetincometaxrateof9.99%areductionof
stateincometaxofovertwothirds.
Inthemostrecentreportingperiod(2ndhalfof2013),overtwothirds(67.4%)ofdrillershadsetuptheir
drillingoperationsaspassthroughentitiesfortaxpurposes(seeAppendix2forthefulllist).Ineachof
thesecompanies,itseemslikelythatashareofthepartnershipincomeisnowbeingtaxedatthe3.07%
PITrate.However,thereiscurrentlynowaytoidentifyhowmuchpartnershipincomeinPennsylvania
comesfromoilandgasdrillers.
DrillersGetSpecialPropertyTaxBreakinPennsylvania
In1998,theoilandgasindustrysuedFayetteCountyandin2002,aPennsylvaniaSupremeCourtruling
struckdownlocalassessmentofpropertytaxesonoilandgasreserves.14Thisexemptiondoesnotapply
tocoalorotherminerals,nordoesitapplytootherPennsylvaniaindustries.TheCourtstatedthatthe
GeneralAssemblycouldremedythesituationbyspecificallycodifyingthatoilandgasreservesare
assessableproperty.Todate,thishasnotoccurred.
Itiscommonforgasproducerstopaybothproductiontaxesandpropertytaxesonreservesinlargegas
producingstates.InTexas,thenationslargestproducerofbothoilandgas,producerspaid$3.7billion
inlocalpropertytaxes,roughlyequaltotheseverancetaxespaidonoilandgas.15
PennsylvaniasImpactFeeShortchangesPennsylvania
ThecitizensofPennsylvaniaandagrowingnumberoflawmakersbelieveitistimetoreexaminethetax
dealdrillersarereceivinginourstate.Severalanalyses,includingrecentstudiesbyPlattsGasDaily16and
graduatestudentsParthVaishnavandNathanielHorneratCarnegieMellonUniversity,17findthat
severancetaxrateshavelittleimpactinindustrydecisionsorprofitablity.
PABudgetandPolicyCenter412N.3rdSt,Harrisburg,PA17101www.pennbpc.org7172557156P a g e |3
PlattsusedrecentpricesandwellcostsreportedbybigMarcellusproducerstomodeltheimpactofa
severancetax.Theyconcludedproducerswillhowl,butMarcellusShalegasissoinexpensiveto
produceandsoclosetopremiummarketsthat
mostoftheregionsproducersaremakingwell
abovethe15%internalrateofreturn
benchmark.Andthatnobodysgoingtogo
NOBODYS GOING TO GO
anywhere.18
ANYWHERE Platts assessment of
Thiscaneasilybeseeninthefollowingchart,wheredrillinginvestmentreturnsareclearlyhigherthan
thecostofborrowing(theredline).
Approximate cost of
borrowing for a mediumsized firm. Returns above
this threshold mean that
the well is profitable.
Source.VaishnavandHorner
Pennsylvaniashouldmoveaheadwithaseverancetaxthatiscomparabletothatimposedby
neighboringWestVirginia.
GeneralFundtaxcollectionsare$600millionbelowestimateinthecurrentfiscalyear,andresources
availableforthe201415budgetarenowexpectedtobe$1.3billionlowerthanafewshortmonths
ago.20Areasonableseverancetaxcouldnotonlyhelpbridgethisgap,butprovideneededresourcesfor
schools,earlychildhood,healthcare,andotherciriticalinvestmentsintothefuture.
PABudgetandPolicyCenter412N.3rdSt,Harrisburg,PA17101www.pennbpc.org7172557156P a g e |4
1 Over 3.1 trillion cubic feet of gas was produced in 2013, according to DEP unconventional gas production reports. At
an average Henry Hub price of $3.81 per MCF for the year, this equates with $11.8 billion of sales for the extraction
companies.
2 Pennsylvania Public Utility Commission, Impact Fees by Producer for Reporting Year 2013, accessed May 5, 2014,
http://www.puc.state.pa.us/NaturalGas/xls/Impact_Fees_by_Producers_RY2013-040414.xls.
3Pennsylvania Independent Fiscal Office, Natural Gas Extraction: An Interstate Tax Comparison, Special Report 2014-2,
March 2014, http://www.ifo.state.pa.us/getfile.cfm?file=/resources/PDF/SR2014-02.pdf.
4 Headwaters Economics and the Oklahoma Policy Institute, Unconventional Oil and Natural Gas Production Tax Rates: How
Does Oklahoma Compare to Peers? August 2013, http://okpolicy.org/wpcontent/uploads/2013/08/State_tax_comparison_study_final.pdf.
5 Defined as companies assigned to NAICS 2111: Oil and Gas Extraction category by the Bureau of Labor Statistics.
Companies in this category pay Pennsylvanias impact fee.
6 Figures are based on Department of Revenue reports on tax payments made by the oil and gas industry.
7Pennsylvania Department of Revenue, Drilling Industry Paid More Than $1 Billion in State Taxes Since 2006, May 2,
2011, http://files.painteractive.org/pr/Revenue/2011/201105/Drilling%20Industry%20Paid%20More%20Than%20$1%20Billion%20in%20State%20Taxes%20Since%202006.pdf
.
8 This compares DOR identified CNIT and CSFT payments from oil and gas related taxpayers in 2013 to total CNIT
and CSFT collections in 2012-13.
9 Andrew Staub, Critics: Proposed tax could derail natural gas industry in Pa. Pennsylvania Independent, reposted by
the Philadelphia Inquirer,
http://www.philly.com/philly/news/Critics_Proposed_tax_could_derail_natural_gas_industry_in_Pa.html.
10 Range Resources Corporation, Form 10-K, Annual Report for the Fiscal Year Ended December 31, 2013, submitted to the
SEC on February 26, 2014, p. 37, http://services.corporateir.net/SEC/Document.Service?id=P3VybD1hSFIwY0RvdkwyRndhUzUwWlc1cmQybDZZWEprTG1OdmJTOWtiM2
R1Ykc5aFpDNXdhSEEvWVdOMGFXOXVQVkJFUmlacGNHRm5aVDA1TkRJeE5qSXdKbk4xWW5OcFpEMDF
Odz09JnR5cGU9MiZmbj1SYW5nZVJlc291cmNlc18xMEtfMjAxNDAyMjYucGRm.
11 Estimates from the Office of Management and Budget, republished by Joseph Aldy, 15 Ways to Rethink the Federal
Budget: Proposal 5: Eliminating Fossil Fuel Subsidies, The Hamilton Project/Brookings, February 2013,
http://www.hamiltonproject.org/files/downloads_and_links/THP_15WaysFedBudget_Prop5.pdf.
12 Pennsylvania Department of Revenue, Bureau of Research, Report to the Pennsylvania General Assembly on the
Research and Development (R&D) Tax Credit, March 14, 2014
http://www.portal.state.pa.us/portal/server.pt/document/1403781/2014_rd_report_pdf.
13 Drillers verified of receiving credits and grants from the Department of Community and Economic Developments
Investment Tracker, http://www.dced.state.pa.us/investmenttracker/Default.aspx.
14 Pennsylvania Supreme Court, IOGA of PA v. Assessment Appeal Board of Fayette County, December 9, 2002,
http://www.lexisnexis.com/Community/workerscompensationlaw/cfs-file.ashx...
15 Texas Oil & Gas Association (TXOGA), Fueling the Texas Economy, the Texas Oil & Gas Industry, 2013,
http://www.txoga.org/resources/economic-impact/.
16 Bill Holland, Court cases and severance taxes: some dark clouds out there for Pennsylvania natural gas producers,
Platts, The Barrel: The essential perspective on global energy, January 1, 2014, http://blogs.platts.com/2014/01/01/patax/.
17 Parth Vaishnav and Nathaniel Horner, Apocalypse Not: Severance Taxes and Industry Exit in the Marcellus Shale,
March 25, 2014, http://pennbpc.org/apocalypse-not-severance-taxes-and-industry-exit-marcellus-shale.
18 Holland.
19 Vaishnav and Horner.
20 Pennsylvania Independent Fiscal Office, Initial Revenue Estimate, Fiscal Year 2014-15, May 1, 2014,
http://www.ifo.state.pa.us/download.cfm?file=/resources/PDF/Initial_Estimate_May_2014.pdf.
PABudgetandPolicyCenter412N.3rdSt,Harrisburg,PA17101www.pennbpc.org7172557156P a g e |5
Appendix1:TaxPaymentsfromOil&GasCompaniesandtheirAffiliates
($millions)
CapitalStockandFranchiseTax(CSFT)
NAICS4
2111
2131
4862
2212
OTHER
NumberofCompaniesRemittingPayments
Title
OilandGasExtraction
SupportActivitiesforMining
PipelineTransportationofNaturalGas
NaturalGasDistribution
AllOther
GRANDTOTAL
SharefromGasProducers
SharefromPipelinesandSupport
SharefromAllOther
506
2006
$5.0
2.7
7.0
4.5
7.4
$26.6
19%
53%
28%
CorporateNetIncomeTax(CNIT)
505
2007
$4.8
2.9
7.9
6.1
9.8
$31.5
552
2008
$5.1
2.0
7.3
4.8
9.8
$29.1
565
2009
$6.3
1.8
2.6
4.8
14.7
$30.2
565
2010
$11.7
3.7
3.0
5.3
9.2
$32.9
542
2011
$8.9
6.3
2.1
5.0
12.3
$34.5
529
2012
$4.7
7.2
2.0
6.9
15.9
$36.7
452
2013
$3.4
3.0
2.1
2.5
4.9
$15.9
15%
54%
31%
18%
49%
34%
21%
30%
49%
36%
36%
28%
26%
39%
36%
13%
44%
43%
21%
48%
31%
275
2006
$7.2
5.4
24.0
20.2
25.2
$82.0
9%
60%
31%
SalesandUseTax
NAICS4
2111
2131
4862
2212
OTHER
NumberofCompaniesRemittingPayments
Title
OilandGasExtraction
SupportActivitiesforMining
PipelineTransportationofNaturalGas
NaturalGasDistribution
AllOther
GRANDTOTAL
SharefromGasProducers
SharefromPipelinesandSupport
SharefromAllOther
272
2006
$0.9
2.0
0.8
0.0
11.1
$14.8
6%
19%
75%
NumberofCompaniesRemittingPayments
Title
OilandGasExtraction
SupportActivitiesforMining
PipelineTransportationofNaturalGas
NaturalGasDistribution
AllOther
GRANDTOTAL
869
2006
$16.4
15.8
34.0
30.5
60.8
$157.5
9%
71%
20%
317
2008
$19.6
6.5
17.7
23.9
24.7
$92.5
21%
52%
27%
309
244
229
225
240
2009
2010
2011
2012
2013
$17.1 $22.9 $105.4
$7.4 $10.3
4.2
12.7
32.8
39.2
27.7
13.6
13.6
57.3
7.4
13.3
26.4
28.1
59.2
32.7
20.1
25.4
38.3
31.7
46.4
43.4
$86.7 $115.6 $286.3 $133.1 $114.7
20%
51%
29%
20%
47%
33%
37%
52%
11%
6%
60%
35%
9%
53%
38%
PersonalIncomeTaxEmployerWithholding
275
2007
$1.0
2.1
1.3
0.0
10.9
$15.3
232
2008
$1.3
2.6
1.9
NR
18.0
$23.8
258
2009
$1.8
4.3
1.2
NR
22.5
$29.8
295
2010
$3.4
7.8
1.1
NR
29.6
$41.8
303
2011
$4.9
9.5
1.6
NR
29.2
$45.2
304
2012
$6.1
15.9
1.7
NR
30.8
$54.5
326
2013
$4.2
18.7
1.3
NR
29.5
$53.8
7%
22%
71%
6%
19%
76%
6%
19%
75%
8%
21%
71%
11%
25%
65%
11%
32%
57%
8%
37%
55%
TOTALTAXESACCOUNTEDFORBYDEPARTMENTOFREVENUE
NAICS4
2111
2131
4862
2212
OTHER
256
2007
$9.2
5.8
32.9
30.0
19.5
$97.4
879
981
1068
1096
1093
1071
1077
2007
2008
2009
2010
2011
2012
2013
$18.4 $30.5 $31.1 $53.7 $134.0 $33.6 $31.1
17.3
18.7
18.6
37.0
67.9
85.1
71.5
44.4
29.5
20.0
20.6
64.1
14.6
20.9
42.5
38.0
41.0
43.7
73.9
49.3
34.4
59.3
75.2
83.6 102.3 102.9 120.4 106.6
$181.9 $191.8 $194.2 $257.2 $442.9 $303.1 $264.5
SharefromGasProducers
10%
10%
16%
16%
21%
30%
11%
SharefromPipelinesandSupport
51%
57%
45%
41%
39%
47%
49%
SharefromAllOther
39%
33%
39%
43%
40%
23%
40%
Source. PennsylvaniaDepartmentofRevenue
Notes:
The2014figuresrepresentedpaymentsreceivedthroughFebruary2014,sonotincludedinanalysis.
Collectionsrepresentmonthlytaxcollections,regardlessoftaxperiod.Refundsarenotincluded.
Paymentswerepulledforcompanies:
(1)withNAICS2111,2131,4862,and2212
(2)Collectionsofsubsidiariesofthesecompaniesarealsoshownabove
(3)SubsidiarieswithNAICSthatarenotrelatedtonaturalgashavebeenremoved(gasstations)
(4)CompanieslistedashavingdrilledaMarcellusShalewell(asshownontheDEPwebsite)areincludedregardlessofNAICS
U.S.CensusDefinitionsforNAICSClassifications:
2111 https://www.census.gov/cgibin/sssd/naics/naicsrch?code=21111&search=2012%20NAICS%20Search
2131 https://www.census.gov/cgibin/sssd/naics/naicsrch?code=21311&search=2012%20NAICS%20Search
4862 https://www.census.gov/cgibin/sssd/naics/naicsrch?code=486210&search=2012%20NAICS%20Search
2212 https://www.census.gov/cgibin/sssd/naics/naicsrch?code=221210&search=2012%20NAICS%20Search
12%
48%
40%
532
2006
$3.3
5.7
2.2
5.8
17.1
$34.1
10%
40%
50%
543
2007
$3.4
6.5
2.3
6.4
19.1
$37.7
9%
40%
51%
629
2008
$4.4
7.6
2.6
9.2
22.7
$46.4
9%
42%
49%
705
2009
$5.9
8.3
2.6
9.8
21.0
$47.5
742
2010
$15.7
12.8
2.9
10.3
25.2
$66.9
788
2011
$14.9
19.4
3.1
9.8
29.7
$76.9
774
2012
$15.3
22.9
3.6
9.7
27.3
$78.8
792
2013
$13.1
22.1
4.2
11.8
28.9
$80.1
13%
43%
44%
23%
39%
38%
19%
42%
39%
19%
46%
35%
16%
48%
36%
Appendix2:NaturalGasProducersOperatinginPennsylvaniaas"PassThrough"Entities
Rank
Producer
ActiveWells
Production(MCF)
1 CHESAPEAKEAPPALACHIALLC
620 376,146,808
2 CABOTOIL&GASCORP
320 231,384,595
3 RANGERESOURCESAPPALACHIALLC
679 139,876,886
4 EQTPRODUCTIONCO
226 123,598,286
5 SOUTHWESTERNENERGYPRODCO
172 107,729,570
6 ANADARKOE&PONSHORELLC
261 98,874,869
7 TALISMANENERGYUSAINC
351 91,476,921
8 SENECARESOURCESCORP
136 60,977,573
9 CHEVRONAPPALACHIALLC
207 59,029,737
10 CHIEFOIL&GASLLC
94 56,658,132
11 SWEPILP
278 55,565,142
12 PAGENENERGYCOLLC
111 31,841,414
13 EXCORESOURCESPALLC
115 30,521,407
14 CNXGASCOLLC
178 26,292,452
15 WPXENERGYAPPALACHIALLC
113 25,443,410
16 CARRIZO(MARCELLUS)LLC
59 24,022,389
17 XTOENERGYINC
139 23,123,291
18 RICEDRILLINGBLLC
25 20,348,239
19 CITRUSENERGYCORP
27 16,184,203
20 ATLASRESOURCESLLC
243 15,258,572
21 ALPHASHALERESLP
16 15,027,058
22 REGASDEVLLC
77 14,427,704
23 ENERGYCORPOFAMER
86 14,155,905
24 EOGRESOURCESINC
89 11,938,508
25 INFLECTIONENERGYLLC
8 4,397,951
26 ULTRARESOURCESINC
38 3,887,001
27 VANTAGEENERGYAPPALACHIALLC
11 2,960,215
28 VANTAGEENERGYAPPALACHIAIILLC
2 2,899,589
29 NOBLEENERGYINC
7 2,567,230
30 TENASKARESLLC
12 2,136,467
31 SNYDERBROSINC
88 1,444,448
32 HUNTMARCELLUSOPERATINGCOLLC
7 1,068,826
33 HILCORPENERGYCO
8 1,010,502
34 STONEENERGYCORP
3 823,476
35 BURNETTOILCOINC
4 719,837
36 NORTHEASTNATURALENERGYLLC
4 648,215
37 ANTERORESOURCESCORP
2 491,621
38 MDSENERGYLTD
27 393,812
39 MDSENERGYDEVLLC
11 359,536
40 BLXINC
12 251,361
41 FLATIRONSDEVELOPMENTLLC
2 211,806
42 TRIANAENERGYLLC
3 198,969
43 GREATPLAINSOPERLLCDBAGREATMTNOPER 1 192,450
44 SMENERGYCO
3 190,983
45 DOMINIONTRANSINC
7 121,304
46 SAMSONRESCO
2 95,309
47 HALCONOPRCOINC
4 88,960
48 ENDEAVOUROPERATINGCORP
5 66,571
49 REDMILLDRILLING
7 55,338
50 EMENERGYPALLC
4 29,947
51 BAKERGASINC
1 16,901
52 JJBUCHERPRODUCINGCORP
3 13,600
53 AMEROIL&GASLLC
1 12,222
54 THEPRODUCTIONCOLLC
1 10,928
55 GREATOAKENERGYINC
1 9,218
56 TEXASKEYSTONEINC
7 7,123
57 TRUEOILLLC
2 6,576
58 MIEKALLC
1 5,132
Rank
59
60
61
62
63
64
65
66
67
67
67
67
67
Producer
PDCMOUNTAINEERLLC
DLRESOURCESINC
JMBESTINC
M&MROYALTYLTD
CAMPBELLOIL&GASINC
WILLIAMMCINTIRECOALOIL&GAS
PENNVIRGINIAOIL&GASCORP
WILMOTHINTERESTSINC
BELDEN&BLAKECORP
CARRIZOOIL&GASINC
ENERPLUSRES(USA)CORP
HESSCORP
PENNENERGYRESOURCESLLC
ActiveWells
1
1
1
2
1
1
3
1
Production(MCF)
4,007
2,978
1,447
1,173
330
212
92
44
TotalReported
4,932 1,697,306,778
Totalfrom"PassThrough"Operators
3,469 1,143,952,220
70.3%
67.4%
Source.PBPCanalysisofPennsylvaniaDepartmentofEnvironmentalProtectionStatewide
May5,2014
UnconventionalGasProductionReport,20132,accessedMay5,2014,
https://www.paoilandgasreporting.state.pa.us/publicreports/Modules/DataExports/ExportProductionData.aspx
?PERIOD_ID=20132