2017 shale gas well impact fees top $219.4M in Pa.
Monday, February 12, 2018
According to Pennsylvania’s Independent Fiscal Office, tax revenue from the state’s unconventional natural gas wells will produce $219.4 million in impact fees for 2017. The amount is $46.1 million higher than the amount collected the previous year, according to the Observer-Reporter.
The proceeds from the impact fees will be distributed to local governments and state agencies to fund infrastructure, emergency services, environmental initiatives and various other programs. They will be forwarded to the state Public Utility Commission for disbursement to municipalities in April.
Funds are distributed based on the number of wells located within the boundaries of individual local governments or their proximity to jurisdictions where natural gas extraction occurred.
Learn more: Observer-Reporter > IFO: Shale gas wells to produce $219.4M in impact fees for 2017
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.