According to the study commissioned by the Marcellus Shale Coalition and conducted by energy economists at FTI Consulting, Inc., a global business advisory firm, Pennsylvania’s natural gas sector supported ~123,000 statewide jobs and contributed more than $41 billion state economic activity during 2022. Natural gas production royalties – most often paid to land and mineral rights owners – reached $6.3 billion.
The report highlighted the following impacts for 2022:
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Supported 123,000 jobs, with an average wage of ~$97,000. That’s 113% higher than the average median wage in the state and part of the over $12 billion provided in labor income.
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Contributed more than $41 billion in economic activity. This boosted the state’s gross domestic product (GDP) by nearly $25 billion.
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Generated $3.2 billion in state and local tax revenues, $279 million of which supported the Impact Fee that is distributed to communities in all 67 Pennsylvania counties, as well as various environmental and conservation programs.
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Contributed $2.6 billion in federal tax revenues.
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Paid $6.3 billion in royalties to private and government entities.
Marcellus Shale Coalition highlights natural gas industry's economic impact in Pennsylvania
A new study financed by the Marcellus Shale Coalition reported Pennsylvania’s natural gas industry accounts for 123,000 jobs and added about $25 billion to the state’s gross domestic product in 2022.
New Study: Natural Gas Generates Billions for Pa.’s Economy, Supports 120k+ Jobs & Boosts Critical Tax Revenues
PITTSBURGH, PA – September 27, 2023 – Natural gas development is fundamental to the health and strength of Pennsylvania’s economy, supporting well over 100,000 family sustaining careers, boosting state tax…