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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.

What's included

This report contains

  • Document

    Pennsylvania Budget Gap Heightens Severance Tax Debate

    PDF 274.39 KB

Table of contents

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

Tables and charts

This report includes 2 images and tables including:

Tables

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

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