natural gas price decline

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PA: Impact fee payments shrink as natural gas price, drilling declined in 2020
www.post-gazette.com

PA: Impact fee payments shrink as natural gas price, drilling declined in 2020

Low natural gas prices and scant new drilling sent Pennsylvania's impact fee revenue from shale gas wells plummeting to the lowest level on record for the 2020 reporting year, according to Pennsylvania Public Utility Commission data released this week.

Pa. shale gas fee revenue projected to drop 21% on low gas prices

Pa. shale gas fee revenue projected to drop 21% on low gas prices

Last year's low natural gas prices are to blame for an expected $53.6 million drop in the amount of impact fees Pennsylvania will collect from shale gas companies this year, the state's Independent Fiscal Office said.

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