Positive Energy Hub

A news service from CNX Resources focused on energy innovation, energy advocacy, and community engagement.

Pennsylvania's shale gas impact fees set to break record this year

Pennsylvania's shale gas impact fees set to break record this year

gas-well-production-Marcellus-Shale-1667425965.jpg

Revenue from Pennsylvania’s shale gas impact fee collection is on track to yield a record $275 million this year, largely on the back of high natural gas prices and a slight uptick in the number of new wells drilled.

A new analysis from the state’s Independent Fiscal Office anticipates there will be 570 new horizontal wells subject to the annual fee in 2022, an increase from 514 in 2021 and 465 in 2020, when both decreased drilling and a crash in the price of natural gas drove impact fee revenue down to $146 million. Last year, it recovered to $243 million.

Read the full story in the Pittsburgh Post Gazette.

Website preview
Pennsylvania's shale gas impact fees set to break record this year
Revenue from Pennsylvania’s shale gas impact fee collection is on track to yield a record $275 million this year, largely on the back of high natural...
Pittsburgh Post-Gazette

 

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About Positive Energy Hub

A news service from CNX Resources focused on energy innovation, energy advocacy, and community engagement.