This section provides access to information relating to the economic impact of Marcellus development. Those impacts are likely to be significant and will affect many stakeholders, including the gas companies, workers, residents, and the government.
From the Institute:
Institute-authored essays will soon be posted that address the following questions:
- What financial investments must be made by gas companies?
- What determines the price of gas that is sold?
- What is the estimated value of gas in northeastern Pennsylvania?
- How does natural gas compare to other economic drivers as transferring money into northeastern Pennsylvania?
- What is the impact of gas to landholders?
- What is the economic value to workers in the gas industry?
- What is the economic impact to other residents of northeastern Pennsylvania?
- What is the economic impact to governments, both in terms of new taxes and costs of services?
- What would be the economic impact should gas extraction and distribution lead to various levels of environmental pollution or community degradation?
- How will economic impact change over a period of decades?
From the Institute for Public Policy & Economic Development:
Articles on Impacts on Housing Availability and Cost Resulting Marcellus Shale Drilling
Citizens Voice (Wilkes-Barre, PA)
- "Impact Fee Bill Addresses Housing Needs" (February 11, 2012)
Federal Reserve Bank of Philadelphia:
- "Impact of Marcellus Shale on Housing Needs" by Timothy W. Kelsey, Ph.D., Professor of Agricultural Economics, Penn State Cooperative Extension, and Thomas B. Murphy, Co-Director, Penn State Marcellus Center for Outreach and Research (Spring/Summer 2011)
Studies from Government Organizations:
United States Deparment of Energy, Office of Fossil Fuels
From the United States Energy Information Administration:
- January 2012: "Effect of Increased Natural Gas Exports on Domestic Energy Markets as requested by the Office of Fossil Energy"
- April 2011: "World Shale Gas Resources: An Initial Assesment of 14 Regions Outside the United States"
College and University Research
Marcellus Shale Education and Training Center
- "Economic Impacts of Marcellus Shale in Pennsylvania: Employment and Income in 2009" (August 28, 2011)
Penn State University, College of Earth and Mineral Sciences, Department of Energy and Mineral Engineering
- "The Pennsylvania Marcellus Natural Gas Industry: Status, Economic Interests and Future Potential" by Timothy J. Considine, Ph.D., Robert Watson, Ph.D., P.E., and Seth Blumsack, Ph.D. (July, 2011)
Pennsylvania State University, Northeast Center for Regional Development:
- Energy Boomtowns and Natural Gas: Implications for Marcellus Shale Local Governments and Rural Communities. (NERCRD Paper # 43, January, 2009) [a paper that applies the "energy boomtown" socio-economic impact model for energy development in small towns to the Marcellus shale region]
Pennsylvania State University, College of Agricultural Sciences, Cooperative Extension:
- State Tax Implications of Marcellus Shale: What the Pennsylvania Data Say in 2010
- Natural Gas Exploration: A Landowner's Guide to Financial Management
Studies from Other Organizatons
Federal Reserve Bank of Philadelphia
- Spring/Summer 2011: "Economic Implications of Natural Gas Drilling in the Marcellus Shale Region" by Timothy W. Kelsey, Ph.D., Professor of Agricultural Economics, Penn State Cooperative Extension, and Thomas B. Murphy, Co-Director, Penn State Marcellus Center for Outreach and Research
Keystone Research Center
- June 2011, "Drilling Deeper Into Jobs Claims"
From the publication, Natural Gas and Electricity:
- "Impact of Shale Gas Development on Global Gas Markets" by Professor Kenneth B. Medlock III
From the Center for Energy Policy and the Environment at the Manhattan Institute:
- "10 Reasons Why Natural Gas Will Fuel the Future" by Robert Bryce, Senior Fellow (April 2011)
Marcellus Shale Coalition:
- "NGV Roadmap for Pennsylvania Jobs, Energy Security and Clean Air" (April 2011)
- "Economic Development & Opportunity"
NaturalGas.org of the Natural Gas Supply Association:
Times Leader (Wilkes-Barre, PA):
- "Gas Exports Show Need for Energy Policy" by Ron Bartizek (October 16, 2011)
Times-Tribune (Scranton, PA):
- "Marcellus Tax Payments in Spotlight" (May 3, 2011)
Citizens Voice (Wilkes-Barre, PA):
- "NEPA Counties to Raise Millions or Nothing From Impact Fee" (February 13, 2012)
- "UGI Protests Upstart in Susquehanna County" (January 19, 2012)
- "Company Upgrades Fleet to Compete in Shale Gas Era" (January 3, 2012)
- "PA Residents Support Gas Tax" (September 1, 2011)
- "Penn State Study Shows More Modest Economic Impact from Shale Gas" (August 30, 2011)
- "Lt. Gov. Cawley Tours Firm Bolstered by Natural Gas Industry" (August 25, 2011)
- "Marcellus Shale Gas Production Continues Steady Growth in PA" (August 18, 2011)
- July 20, 2011 article, "Industry Study: Marcellus Economic Impact "Dramatic"
- "Wyoming County Chamber of Commerce Gets Boost from Gas Companies" (April 7, 2011)