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Diane Publishing Books
Natural Gas Extraction: An Interstate Tax Comparison
Matthew Knittel (ed)
Data from the U.S. Energy Information Admin. (EIA) show that Pennsylvania was the third largest extractor of natural gas from shale formations for 2012. Preliminary production data from state regulatory authorities suggest that Pennsylvania is now the second largest producer, trailing only Texas. The rapid expansion of this industry has conferred substantial economic benefits to the state economy in terms of employment and income gains. But Pennsylvania is the only state with significant natural gas production that does not impose a traditional severance tax based on the volume or market value of gas production. In lieu of a severance tax, Pennsylvania levies a tiered annual impact fee per well over a 15 year period. This report compares this unique tax structure to those used by other states and shows that Pennsylvania revenue is the lowest, about 1% over the lifetime of the wells. The report also considers other taxes that may be levied on natural gas producers such as real and personal property, corporate and personal income, sales and use and miscellaneous fees. Tables and figures. This is a print on demand report.
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