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Pennsylvania budget gap heightens severance tax debate
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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.
Table of contents
- Executive Summary
- PA severance tax is a contentious political issue
- Potential impact on Marcellus operators
Tables and charts
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Value change by leading operatorsBreakevens by PA sub-play
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