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Energy Tomorrow Blog

Natural Gas Impact Taxes Continue to Benefit Pennsylvania

pennsylvania natural gas 

Jessica  Lutz

Jessica Lutz
Posted June 28, 2018

When talking about the nuts-and-bolts of policy, it’s easy to lose sight of the real-world impacts of various regulatory choices. In Pennsylvania, where Gov. Tom Wolf continues to press for higher taxes on the commonwealth’s natural gas producers, the benefits of existing impact taxes on producers shouldn’t be overlooked.

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Pennsylvania’s Energy Story is Worth Sharing

pennsylvania  natural gas  fracking  us energy security  president obama  vote4energy 

Stephanie Catarino Wissman

Stephanie Catarino Wissman
Posted July 28, 2016

In Pennsylvania, the energy revolution has been very, very good to the commonwealth. Marketed natural gas production, which exceeded 4.5 trillion cubic feet in 2015, more than double output from just three years earlier:

Over the past half-decade, fees paid by industry to the commonwealth have totaled more than a billion dollars. Much of the money stays at the local level and is distributed to the counties and municipalities with the most shale wells. The top beneficiaries for 2015 included Washington County ($5.68 million), Susquehanna County ($5.25 million) and Bradford County ($4.92 million). Even in a down year for the industry, revenue to the commonwealth totaled $187.7 million.

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PA Energy, Taxes and Golden Eggs

energy tax hikes  pennsylvania  natural gas development  economic benefits  fracking 

Mark Green

Mark Green
Posted March 6, 2015

More on the plan by new Pennsylvania Gov. Tom Wolf to increase taxes on energy production in the commonwealth.

As lawmakers mull over Wolf’s proposal to add a 5 percent tax on the value of natural gas at the wellhead, plus 4.7 cents per thousand cubic feet of gas extracted – effectively a 7.5 percent tax, according to Cabot Oil & Gas Corp.’s George Stark – the key issue is its potential effect on future energy development in Pennsylvania.

Certainly, fundamental economics holds that if you tax something more, you’ll almost certainly get less of it. And that should give lawmakers pause.

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New Study: Marcellus Shale = 280K New Jobs, $6 Billion Revenue

domestic energy  hydraulic fracturing  marcellus  marcellus natural gas  marcellus production  natural gas  new york  penn state natural gas study  pennsylvania natural gas  west virginia  economic impacts of marcellus 

Jane Van Ryan

Jane Van Ryan
Posted July 21, 2010

Natural gas production in the Marcellus Shale could generate nearly $6 billion in government revenue, 280,000 new jobs and more than 18 billion cubic feet of clean-burning natural gas per day, according to a new study.

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Study: Marcellus Shale - Enormous Economic, Energy Potential

domestic energy  economic impacts of marcellus  marcellus  marcellus shale coalition  natural gas  penn state natural gas study  pennsylvania  pennsylvania natural gas  penn state 

Jane Van Ryan

Jane Van Ryan
Posted May 26, 2010

new Penn State study says the development of clean-burning natural gas in Pennsylvania's Marcellus Shale formation could create 212,000 new jobs during the next 10 years and generate more than $1.8 billion in state and local tax revenues during the next 18 months. 

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