PA Shale Wells Drilled Soars 56% in 2017; Impact Fee Up $5,400/Well
In early 2012, Pennsylvania enacted the most sweeping rework of oil and gas laws in the state in decades (see Gov. Corbett Signs New Marcellus Drilling Law). Called Act 13, one of the provisions of the law is an “impact fee” collected on each horizontal shale well drilled. The fee is intended to offset the impacts of drilling in places where drilling happens, hence the name. However, in order to get enough support to pass Act 13, politics were played and 40% of the “fee” got re-allocated to non-impact uses–i.e., 40% of the fee became a tax (see PA’s New Tax on Drilling (er Sorry, Impact Fee)). In reality, PA’s impact “fee” is the equivalent of a severance tax. The main difference is that the fee is calculated according to a sliding schedule based on how long a well has been around. Beginning with the first year a shale well is drilled, and every year thereafter, drillers pay a set fee, regardless of how much gas is produced. If a driller drills a well but doesn’t complete it in year one, that driller still pays the same (very steep) fee, regardless of no production. In that way, an impact fee is superior to a severance tax as a revenue generator for the state. Impact fees are paid for 15 years. In setting up the somewhat complicated schedule for how much a driller will pay, it depends on how old the well is. The PA Public Utility Commission (PUC), the agency in charge of assessing and collecting the fee, periodically adjusts the fee schedule up to account for inflation. The fee assessed depends on how much the price of natural gas is selling for at the benchmark Henry Hub trading point (in Louisiana). In 2017 (which collected fees from drilling in 2016), if the price of natgas at Henry Hub averaged between $2.26 – $2.99 for the year (which it did, at $2.46/Mcf), the impact fee for a newly drilled well during the year of 2016 was $45,300. In 2018 (collecting fees from 2017), the price of natgas at Henry Hub was in the next higher bracket, averaging between $3.00 – $4.99 (2017 averaged $3.11/Mcf). So the fee for first year wells drilled last year will be $50,700–which is $5,400 higher than a driller would have paid the previous year. Our point: Drillers in PA pay big bucks in “fees” (i.e. taxes) to drill in the state. Slapping a severance tax on top of the impact fee would be a disaster, virtually shutting down any new Marcellus drilling. Yet that’s what Gov. Wolf and his Democrat comrades insist on doing. Below is the newly released impact fee schedule for 2018 (covering wells drilled in 2017), along with details on the whopping increase in the number of wells drilled in 2017 vs. 2016…
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As we told you last week, today (Monday, Feb. 5) is the final day for landowners who live along the path of the PennEast Pipeline to accept an offer from PennEast to lease their land for the pipeline (see
Money–a lot of money–is flowing into Lancaster County because of construction work now being done on Williams’ $3 billion, 198-mile Atlantic Sunrise natural gas pipeline project running through 10 Pennsylvania counties to connect Marcellus Shale natural gas from northeastern PA with the Williams’ Transco pipeline in southern Lancaster County. Local media pitches the revenue and jobs created by the project as “temporary.” MDN once heard a union pipeline worker respond to that very argument at a FERC hearing (for the Constitution Pipeline) by saying he’s had an entire career of “temporary” pipeline jobs that last a few months or a year–making enough money to put his kids through college and make a nice living for himself and his family. Lancaster residents should jump for joy at their “temporary” blessing of this pipeline’s construction. Among the beneficiaries of these “temporary benefits” are “dozens of local businesses” and “more than 100 workers” who are employed full-time working on the project. An estimated $75 million (!) is now flooding into the Lancaster County economy, thanks to Atlantic Sunrise…
Shell has had pretty smooth sailing with their proposed 97-mile Falcon ethane pipeline project–a pipeline that will feed the mighty $6 billion cracker plant Shell is building in Beaver County, PA. Shell did not use eminent domain but instead negotiated with (paid big bucks for) rights of way along the pipeline’s path. That process continues. There have been some grumblings here and there, particularly from Big Green groups. But all in all, there has been remarkably little opposition–that is, until now. Shell filed an application to build the Falcon project back in October (see
Invenergy is currently building the Lackawanna Energy Center, a 1,480 megawatt plant in Jessup, PA (near Scranton) that will cost “well over $1 billion” according to an exclusive MDN source working on the project. When the plant is done (first phase ready sometime this month), and when it goes online (to be determined), it will be Pennsylvania’s largest natural gas-fired electric generating plant. Unfortunately, a group of Democrats got themselves elected to the Jessup Borough Council specifically to try and block the completion of the project (see 
Crazy Bernie Sanders (yes THAT Bernie Sanders, U.S. Senator from Vermont) along with ultra-radical 350.org and its leader Bill McKibben, have launched a new campaign called Fossil Free. It’s actually “thinking free” (as in the absence of all thinking), but we’ll leave that for another post. The new campaign is the ultimate outcome of global warming belief metastasized. Bernie, who is a political rock star for naive young Millennials, appeared with several other speakers at an event in Washington, D.C. that was live streamed to more than 300 “watch parties” across the country. The theme of the campaign is to end the use of all fossil fuels. One of the watch parties was a group of students at Penn State. By all accounts, the young skulls full of mush sat there bedazzled by Crazy Bernie–mouths open, drool trickling down the corner of their mouths. They were brainwashed. They worship this almost-octogenarian for who knows why? The problem is, these kids have not been taught to think critically. They accept, at face value, the lies spread by people like Sanders and McKibben. The kids just automatically believe it–like a blind faith–because Bernie says it. Penn State is (or was) a good school. What’s going on that they’re turning out kids who don’t, and won’t, think for themselves? Here’s recap of the Penn State Crazy Bernie “watch party”…
Since 2012, Pennsylvania has collected the equivalent of a severance tax from Marcellus Shale drillers via something called an impact fee. Same concept as a severance tax. You drill a well, gas comes out, you pay a tax. Except with an impact fee you pay whether or not anything comes out of the ground (a more reliable source of tax revenue than a severance tax). The impact fee quickly started to generate hundreds of millions of dollars a year in extra revenue for Pennsylvania–60% of which goes back to the communities where drilling happens (which Philadelphia politicians hate), and 40% of which goes to the black hole of Harrisburg for redistribution (which Philadelphia politicians love). Drilling began to slow in 2014, and crashed in 2015/2016, with low low commodity prices for natgas. As the price went down, so too did the number of new wells drilled. Impact fee revenue (which is delayed a year) also went down. The impact fee doled out this year is based on revenues raised in 2017. The PA Independent Fiscal Office (IFO) does a pretty good job of guesstimating how much impact fee revenue will be generated. Last July, the IFO predicted impact fee revenue from 2017 would end up being around $222 million in revenue (see
On Tuesday, Pennsylvania State Senate Resolution 104 passed in the Senate Environmental Resources and Energy Committee (party line vote, Republicans voted for, Democrats against). SR 104, introduced by Sen. Camera Bartolotta, urges PA Gov. Tom Wolf to get off his rear-end and reauthorize drilling in PA state forest land. The bill stands a good chance of being passed by the full Senate, which has the radicals at PennFuture up in arms. They issued a press release (i.e. marching orders to slavish Democrat Senators) to oppose the resolution. Frankly, they don’t have anything to worry about. As we pointed out yesterday with respect to the Senate’s so-called bipartisan resolution to study the sloooooow way DEP issues permits, resolutions aren’t worth the paper they’re written on (see
Earlier this week MDN told you about a new bill that passed the Ohio legislature and now awaits Gov. John Kasich’s signature called House Bill 225, which triples the amount of money set aside to cap orphan wells in the Buckeye State (see
You have to understand something about politicians–a lesson we learned long ago when working in Washington, D.C. If a politician floats a plan to “study” something, that really means “we’re not going to do a single thing about it.” Over the past couple of years the Pennsylvania Dept. of Environmental Protection (DEP) has gotten slower and slower in issuing permits for shale drilling–for simple things, like erosion permits a driller needs to push dirt around to create a well pad. The DEP has a policy of issuing erosion and sedimentation permits 14 days from the date of application. These types of permits are common and necessary when building roads, well pads, etc. As of last summer it was taking the DEP 250 days to issue those permits (see
Last week the Delaware River Basin Commission (DRBC) held two public hearings in Philadelphia about its proposed plan to ban fracking in the Delaware River Basin (see
Earlier this month MDN told you about a new shale wastewater treatment facility planned for Coudersport, in Potter County, PA (see 
As part of the Pennsylvania Senate’s misguided and mangled budget bill last year, Republicans managed to slip in fixes to the state Dept. of Environmental Protection’s (DEP) chronic delays in issuing permits related to shale drilling (see
Last September, amidst a heated state budget battle in Pennsylvania (where the phrase “severance tax” was on the lips of every Democrat and RINO in Harrisburg), a group of PA House Republicans did the hard work Gov. Tom Wolf and his cronies in the legislature refused to do: They figured out how to fund a wildly overspent budget without raising a single tax (see