Webinar to examine local economic impacts of shale gas development

UNIVERSITY PARK, Pa. -- The economic impact of Marcellus Shale natural gas development in counties where the most drilling is occurring is the subject of a Web-based seminar to be presented by Penn State Extension.

"Marcellus Shale and Local Economic Activity: What the 2012 Pennsylvania State Tax Data Say," will be held from 1 to 2 p.m. on Tuesday, Dec. 10.

Presenter Timothy Kelsey, professor of agricultural economics and co-director of the Penn State Center for Economic and Community Development, will review the findings of a paper he recently co-authored exploring changes in types of income at the local level associated with Marcellus Shale activity.

Kelsey noted that local economic benefits of Marcellus natural gas development have become clear.

"Major findings include much larger increases in total taxable income in many of the high-drilling-activity counties than in counties without shale-gas activity," he said. "Importantly, the increases in local income are largely due to lease and royalty dollars, which outpaced increases in gross compensation and profits."

The data demonstrate that major economic benefits from Marcellus Shale development are going to local residents, regardless of the presence of nonlocal workers, Kelsey explained.

Penn State Extension's Marcellus Education Team provides monthly webinars on a variety of topics. Future planned topics include the following:

-- Dec. 19: "Drilling and Pipeline Cuttings Reclamation," featuring Averil Rance and Daniel Mueller, both with Clean Earth Inc.

-- Jan. 16: "PA Wilds Design Guide Supplement for Oil and Gas Best Practices," featuring Jim Weaver, director, Tioga County Planning.

-- Feb. 20: "A Look at Recent Well Waste and Production," featuring Dave Yoxtheimer and Matt Henderson, both with the Penn State Marcellus Center for Outreach and Research.

-- March 20: "A Look at Land and Property Valuations with Shale Development," featuring Jeffrey Kern, senior appraiser for Resource Technologies Corp.

Registration for the webinars is not necessary and all are welcome to participate by logging in to https://meeting.psu.edu/pscems. For more information, contact Carol Loveland at 570-320-4429 or cal24@psu.edu.

Previous webinars, publications and information also are available on the Penn State Extension natural-gas website, covering a variety of topics such as Act 13; seismic testing; air pollution from gas development; water use and quality; natural gas liquids regional development; royalties; gas-leasing considerations for landowners; legal issues surrounding gas development; the impact of Marcellus gas development on forestland; and one northcentral Pennsylvania county's struggle to keep up with the demands of shale-gas development.

Last Updated December 04, 2013