Several colleges in northeast Pennsylvania including Keystone College, King’s College, Luzerne County Community College, Misericordia University, Penn State Wilkes-Barre, University of Scranton and Wilkes University belong to, support and form an organization called the Institute for Public Policy and Economic Development. In 2008 the Institute published a study comparing economic and demographic changes of three shale plays in three specific areas of three shale plays: the Barnett, the Fayettville and the Marcellus.
The purpose of the original study was to show what may lie ahead in northeast PA should it follow a similar track to the then far more mature shale plays in the South and Southwest. The Institute has just released an update to the original study in a new report titled “A Review of Changes in Selected Economic & Demographic Indicators in Particular Counties in the Barnett, Fayetteville and Marcellus Shale Play” (embedded below). Wow, what a difference four years makes! The Marcellus in many ways has eclipsed the Barnett and Fayettville and continues to grow. But has that growth translated into good things in northeast PA? That’s the question asked and answered in this latest update by the Institute.
Read More “Updated Study: Marcellus Drilling Economic Benefits in NE PA”
The West Virginia Tax Department has decided they will not assess a property tax value to well pad sites for landowners. Officials were concerned that by assessing a value for a well pad site it would cause the landowner, who may not even own the mineral rights, to be classified in a higher tax bracket. This is good news for West Virginia landowners.