Insight
Pennsylvania budget gap heightens severance tax debate
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
This report includes the following images and tables:
-
Value change by leading operatorsBreakevens by PA sub-play
What's included
This report contains:
Other reports you may be interested in
Insight
UK's new fiscal mechanism: can it be fair AND simple?
Compromises inevitable in the quest for the energy profits levy successor
$1,350
Insight
Post-EPL: is there a Phoenix in the ashes of the UK upstream sector?
It's not too late for the government and industry to rescue the North Sea
$1,350
