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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.

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    Pennsylvania Budget Gap Heightens Severance Tax Debate

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  • Value change by leading operators
  • Breakevens by PA sub-play

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