[vc_row animation=””][vc_column width=”1/1″][vc_column_text]Current estimates put the Marcellus Shale on track to become the second largest natural gas field in the world. And a Penn State University study predicts that Marcellus natural gas production could practically double by 2020, helping to make Pennsylvania the energy capitol of America.[/vc_column_text][/vc_column][/vc_row][vc_row animation=””][vc_column width=”1/1″][vc_column_text]Some stats about the natural gas industry activity and what it means for Pennsylvania:[/vc_column_text][/vc_column][/vc_row][vc_row animation=””][vc_column width=”1/2″]
- By 2015, natural gas is expected to add more than $14 billion in value to Pennsylvania’s economy.
- The natural gas industry is expected to drill at least 2,500 wells annually at a cost of approximately $4 million per well.
- That means Pennsylvania can expect to see another $10 billion dollars a year invested in well site operations alone.
- Pennsylvania counties, local municipalities and commonwealth programs receive $204 million in well impact fees in 2012.
- The industry has paid $1.6 billion in taxes since 2006 with value added revenue expected to exceed $10 billion dollars this year.
Landowners are also seeing a direct benefit from the industry activity – last year, natural gas producers paid more than $400 million to landowners throughout Pennsylvania.[/vc_column][vc_column width=”1/2″][vc_single_image image=”2383″ border_color=”” img_link_large=”” link=”” img_link_target=”” img_size=””][/vc_column][/vc_row][vc_row animation=””][vc_column width=”1/1″][vc_single_image css_animation=”” image=”2384″ border_color=”” img_link_large=”” link=”http://cabotsusq.files.wordpress.com/2012/12/industry-investments.pdf” img_link_target=”_self” img_size=”full”][/vc_column][/vc_row]
