Economic Effects

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:

Baseline Socioeconomic Analaysis for the Marcellus Shale Development in Pennsylvania (with the Appalacian Regional Commission)

Economic & Workforce Development Study--Marcellus Shale (with the Lackawanna County Workforce Investment Board

Articles on Impacts on Housing Availability and Cost Resulting Marcellus Shale Drilling

Citizens Voice (Wilkes-Barre, PA)

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:

College and University Research

Marcellus Shale Education and Training Center

Penn State University, College of Earth and Mineral Sciences, Department of Energy and Mineral Engineering

Pennsylvania State University, Northeast Center for Regional Development:

 Pennsylvania State University, College of Agricultural Sciences, Cooperative Extension:

Studies from Other Organizatons

Federal Reserve Bank of Philadelphia

Keystone Research Center

From the publication, Natural Gas and Electricity:

 From the Center for Energy Policy and the Environment at the Manhattan Institute: 

Marcellus Shale Coalition: of the Natural Gas Supply Association:

 Newspaper Articles

Times Leader (Wilkes-Barre, PA):

 Times-Tribune (Scranton, PA):

Citizens Voice (Wilkes-Barre, PA):