Made By Farm and Dairy

Pennsylvania feels impact of low natural gas prices

Monday, February 1, 2021 by

0 Comments

Pennsylvania’s state agencies and local governments are starting to feel the impact of low natural gas prices and little new drilling as they rely on funding from these activities, according to The Morning Call.

Pennsylvania’s conservation and environmental protection departments are already warning of significantly less revenue from natural gas royalties and drilling permits.

Simultaneously, low natural gas prices are projected to drive down total impact fees assessed on Pennsylvania’s shale gas wells by $56 million — to a record low of $145 million.

Learn more: The Morning Call > Pennsylvania beginning to feel hurt from natural gas price drops

Subscribe to our mailing list

Get exclusive headlines from ShaleGasReporter.com emailed once a week (every Wednesday morning).

It's Free!

Leave a Comment

About Shale Gas Reporter

Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914. Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.

© Copyright 2024 - Farm and Dairy