Natural gas production from the Marcellus Shale continues to generate enormous amounts of state, county and local tax revenues, in addition to revenues from the newly-enacted bipartisan impact fee. Here’s more information about the revenues being generated, benefiting every Pennsylvanian, thanks to safe natural gas development. The Pennsylvania Public Utility Commission (PUC) released impact fee revenue generated from unconventional natural gas wells through December 2011, exceeding projections by almost $25 million. The nearly $206 million in new revenue, as laid out in Act 13, is directed to the commonwealth and the 37 counties and nearly 1,500 municipalities where natural gas production is underway. This Pa. DEP fact sheet provides a detailed overview of the fracturing process and the safeguards in place to ensure it’s done in a way that protects our environment.
