An Act amending Title 58 (Oil and Gas) of the Pennsylvania Consolidated Statutes, in unconventional gas well fee, repealing provisions relating to expiration; imposing a natural gas tax; and imposing penalties.

HB 2129 repeals an existing provision about the expiration of unconventional gas well fees and establishes a new severance tax on natural gas extracted from unconventional gas wells. The tax applies to producers (companies or individuals extracting natural gas) starting July 1 of the year after the bill's effective date, calculated using base and additional tax rates. It creates a new tax administration framework in Chapter 43 of Pennsylvania's oil and gas statutes, including penalties for non-compliance. The bill explicitly states this new tax does not affect the existing collection and distribution of the unconventional gas well fee.