Pennsylvania’s natural gas fee revenue falls again
Friday, June 23, 2017
by Matt Warnock
Pennsylvania’s counties and municipal governments will see another drop in the annual fee revenue they receive from natural gas wells in the Marcellus shale play, reports the Associated Press. The news service says the Pennsylvania Public Utility Commission announced that impact fee revenue dropped by almost $15 million to about $173 million in 2016, marking a third straight year of decline. The utility commission said the revenue drop is due to a persistent slump in natural gas prices and the increasing age of many of Pennsylvania’s Marcellus shale gas wells.