New Study Finds Natural Gas in PA Contributed $41 Billion Last Year
Marcellus Shale Council study indicates 123,000 jobs, $25 Billion in GDP, $3.2 Billion in tax revenue for Pennsylvania due to natural gas development.
September 27, 2023
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:
- 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.
- Contributed more than $41 billion in economic activity. This boosted the state’s gross domestic product (GDP) by nearly $25 billion.
- 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.
- Contributed $2.6 billion in federal tax revenues.
- Paid $6.3 billion in royalties to private and government entities.