Pennsylvania’s Gas Drilling Impact Fee Distribution Rises by $100 Million
(Reuters) — The Pennsylvania Public Utility Commission (PUC) said on June 17 that 2021’s impact fees on natural gas producers were about $100 million higher than in 2020, due to higher gas prices and the addition of new wells.
The average price of natural gas was $3.84 per million British thermal units (MMBtu) compared with 2020’s $2.08 per MMBtu, the PUC said in a press release, with 518 new wells added during 2021.
County and municipal governments directly affected by drilling will receive a total of about $123.2 million for the 2021 reporting year, per the PUC, out of the year’s total of about $234.4 million.
“Additionally, $86,030,934 will be transferred to the Marcellus Legacy Fund, which provides financial support for environmental, highway, water and sewer projects, rehabilitation of greenways and other projects throughout the state. Also, $25,189,477 will be distributed to state agencies, as specified by Act 13,” the PUC said.
The PUC, which has been collecting fees from gas wells and distributing them to local governments, said it has collected and distributed over $2.2 billion to Pennsylvania communities.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- TC Energy’s North Baja Pipeline Expansion Brings Mexico Closer to LNG Exports
Comments