Categorized | Fracking Economy

Drilling Impact fee in Pennsylvania

Posted on 09 February 2012

Drilling Impact fee in Pennsylvania

Pushed by Pennsylvania’s Republican Governor, Tom Corbett,  the  first-ever drilling fee on Pennsylvania’s natural gas drilling industry will be instated.  The bill passed by congress with much debate, but in a move to support the oil and gas industry, the Pennsylvania state Senate and House voted in favor of Marcellus Shale legislation.

Environmental groups, local officials, public health experts and tens of thousands of residents have questioned the motives of the oil and gas industry – worried about the side effects, the environment, and the economy.  Pennsylvania Fracking has regular updates on the fracking industry as a whole and what it means for the state of Pennsylvania.

Pennsylvania is rich with Marcellus Shale, and is one of the largest regions in the United States to provide natural gas from Marcellus Shale. The bill could help bring in over $1 billion in revenue over the next 5 years, according to Republican State Senator, Joe Scarnati. The money from the tax would spread across drilling communities to ensure safety and to build better state infrastructures. The bill would also enforce strict rules on Marcellus Shale drilling companies.

The Impact fee is an annual cost that would pay to prevent or fix any environmental damage from the production of natural gas.  60% of the fee would be used on the local level, 40% of the fee would be used on state level.

 

Source: Pennsylvania Fracking

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