Pennsylvania impact fees expect to drop again in 2017
Wednesday, July 20, 2016
The Pennsylvania Independent Fiscal Office released projections about the state’s shale drilling impact fees July 14. Impact fee collections are expected to fall in 2017 due to low commodity prices and slowed drilling, according to Pittsburgh Post-Gazette PowerSource.
An early 2016 estimate for this year’s impact fee collections estimated $185.5 million, with the actual figure ending up as $187.7 million.
In 2017, drillers are expected to pay between $5.4 million and $56.5 million total. Impact fees are collected in April and distributed by July to communities where the drilling has taken place, as well as to other state agencies.
Read more: Pittsburgh Post-Gazette PowerSource > Shale gas impact fees expected to drop again in Pennsylvania
More about Pennsylvania impact fees:
- 2015 impact fees may have dropped, but Washington and Greene counties still receive millions< – June 21, 2016
- Impact fees fuel housing funding in Pennsylvania – May 10, 2016
- Pennsylvania impact fees will sharply decline this year – Feb. 21, 2016
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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.