API-PA Commends State Leadership on Natural Gas Development
HARRISBURG, Pa., Feb. 13, 2012 /PRNewswire-USNewswire/ — The Associated Petroleum Industries of Pennsylvania, a division of API, today commended the General Assembly, Governor Tom Corbett, Lieutenant Governor Jim Cawley and others for their efforts of moving forward HB 1950, a comprehensive legislative package regulating shale development throughout Pennsylvania.
“The governor and General Assembly struck a balance that will allow for the continued safe development of natural gas while giving local governments reasonable tools to govern well-site selection,” said Stephanie Catarino Wissman, API-PA Executive Director. “Pennsylvania’s oil and natural gas industry is committed to responsibly producing energy from shale and creating jobs in the commonwealth.”
Recent data from Pennsylvania’s Department of Labor and Industry shows that from the fourth quarter of 2009 to the second quarter of 2011, there were 93,230 new hires associated with development of the Marcellus Shale in Pennsylvania.
“This legislation helps bring uniformity to regulating natural gas development across Pennsylvania, marks comprehensive environmental enhancements and establishes a local impact fee,” Wissman said.
The U.S. is home to one of the largest reserves of natural gas in the world. In the last five years natural gas reserves grew 30 percent, according to the EIA. Developing these reserves has introduced billions of dollars of investment into the economy, creating jobs inside and outside of the industry.
The legislation signed into law by the governor establishes strict environmental compliance standards by increasing setbacks from buildings, streams and waterways. It limits drilling in floodplains, protects water supplies, increases bonding requirements and enhances the Department of Environmental Protection’s enforcement powers. “HB 1950 avoids the false choice that you can’t have economic and robust environmental protection. Rather, it balances environmental protection with economic development by taking into account sound scientific and engineering principles,” Wissman said.
API member companies are examining how the local impact fee will affect their individual operations and future development and job creation plans.
API represents more than 490 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America’s energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers more than $86 million a day in revenue to our government, and, since 2000, has invested more than $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.
SOURCE Associated Petroleum Industries of Pennsylvania