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Pennsylvania budget gap heightens severance tax debate


Pennsylvania budget gap heightens severance tax debate

Report summary

Pennsylvania is the largest natural gas producing state that does not impose a severance tax, but rather levies a local impact fee. According to Wood Mackenzie analysis and data from the Pennsylvania DEP, state production from the Marcellus in 2013 was nearly 3.1 tcf of natural gas, ~13% of total U.S. output. This matter is being debated vigorously and the outcome could have material implications on the value of companies' positions in the Marcellus. 

What's included?

This report includes 1 file(s)

  • Pennsylvania Budget Gap Heightens Severance Tax Debate PDF - 274.39 KB 3 Pages, 2 Tables, 0 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • Executive Summary
  • PA severance tax is a contentious political issue
  • Potential impact on Marcellus operators

In this report there are 2 tables or charts, including:

  • Executive Summary
  • PA severance tax is a contentious political issue
  • Potential impact on Marcellus operators
    • Value change by leading operators
    • Breakevens by PA sub-play
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