What is the economic impact of the development on SEPA?

While the Marcellus Shale formation does not extend beneath SEPA, that doesn’t mean those in the Philadelphia area aren’t benefiting. The most obvious impact is the utility rate savings that everyone, including those in the greater Philadelphia region, have received as a result of this development. Researchers recently found that in 2012, because of reduced natural gas prices, consumers have an additional $1,200 in their pocket, as recently reported by the Wall Street Journal. There are also manufacturing companies and professional services firms (law firms, environmental and civil engineers, construction companies) that are also supporting this development. Lastly, the revitalization of the refineries in South Philadelphia and Delaware County are directly tied to Marcellus Shale natural gas development.