{
    "title": "New Study Finds Natural Gas in PA Contributed $41 Billion Last Year",
    "modified_at": "2023-09-28 16:26:27",
    "published_at": "2023-09-27 21:50:00",
    "url": "https://positive-energy-hub.prezly.com/new-study-finds-natural-gas-in-pa-generated-41-billion-last-year",
    "short_url": "http://prez.ly/8A7c",
    "culture": "en",
    "language": "EN",
    "subtitle": "Marcellus Shale Council study indicates 123,000 jobs, $25 Billion in GDP, $3.2 Billion in tax revenue for Pennsylvania due to natural gas development.",
    "slug": "new-study-finds-natural-gas-in-pa-generated-41-billion-last-year",
    "body": "<p>According to the study commissioned by the Marcellus Shale Coalition and conducted by energy economists at FTI Consulting, Inc., a global business advisory firm, Pennsylvania&rsquo;s natural gas sector supported ~123,000 statewide jobs and contributed more than $41 billion state economic activity during 2022. Natural gas production royalties &ndash; most often paid to land and mineral rights owners &ndash; reached $6.3 billion.</p><p>The report highlighted the following impacts for 2022:&nbsp;</p><ul class=\"release-content-list release-content-list--bulleted release-content-list--align-inherit\"><li><span>Supported 123,000 jobs, with an average wage of ~$97,000. That&rsquo;s 113% higher than the average median wage in the state and part of the over $12 billion provided in labor income.</span></li><li><span>Contributed more than $41 billion in economic activity. This boosted the state&rsquo;s gross domestic product (GDP) by nearly $25 billion.</span></li><li><span>Generated $3.2 billion in state and local tax revenues, $279 million of which supported the Impact Fee that is distributed to communities in all 67 Pennsylvania counties, as well as various environmental and conservation programs.</span></li><li><span>Contributed $2.6 billion in federal tax revenues.</span></li><li><span>Paid $6.3 billion in royalties to private and government entities.</span></li></ul><div id=\"bookmark-f145ee24-66a3-4bb5-9df7-ead3f05f1e34\"\n     class=\"release-content-bookmark release-content-bookmark--horizontal\">\n\n            <a class=\"release-content-bookmark__thumbnail\"\n           href=\"https://www.bizjournals.com/pittsburgh/news/2023/09/27/marcellus-shale-coalition-economic-impact.html?utm_source=st&amp;utm_medium=en&amp;utm_campaign=ae&amp;utm_content=PI&amp;j=32852034&amp;senddate=2023-09-27&amp;empos=p2\"\n           rel=\"noopener noreferrer\"\n           target=\"_blank\"           style=\"background-image: url(https://prezly.imgix.net/https%3A%2F%2Fmedia.bizj.us%2Fview%2Fimg%2F11945630%2Favidcallahan116%2A1200xx2142-1205-0-514.jpg?ar=1%3A1&amp;fit=crop&amp;s=0e94b580d913af8d025b12ff89f04b90)\"\n        ></a>\n    \n    <div class=\"release-content-bookmark__details\">\n\n                    <a class=\"release-content-bookmark__title\"\n               href=\"https://www.bizjournals.com/pittsburgh/news/2023/09/27/marcellus-shale-coalition-economic-impact.html?utm_source=st&amp;utm_medium=en&amp;utm_campaign=ae&amp;utm_content=PI&amp;j=32852034&amp;senddate=2023-09-27&amp;empos=p2\"\n               rel=\"noopener noreferrer\"\n               target=\"_blank\"               data-type=\"bookmark\"\n               data-track=\"Story WebBookmark Click\"\n               data-placement=\"content\"\n               data-id=\"f145ee24-66a3-4bb5-9df7-ead3f05f1e34\"\n           >\n                Marcellus Shale Coalition highlights natural gas industry&#039;s economic impact in Pennsylvania            </a>\n        \n                    <div class=\"release-content-bookmark__description\">\n                A new study financed by the Marcellus Shale Coalition reported Pennsylvania&#039;s natural gas industry accounts for 123,000 jobs and added about $25 billion to the state&#039;s gross domestic product in 2022.            </div>\n        \n        <a href=\"https://www.bizjournals.com/\"\n           target=\"_blank\"\n           rel=\"noreferrer noopener\"\n           class=\"release-content-bookmark__provider\"\n        >\n            <img class=\"release-content-bookmark__provider-icon\" src=\"https://avatars.prezly.com/favicon?url=https%3A%2F%2Fwww.bizjournals.com%2Fpittsburgh%2Fnews%2F2023%2F09%2F27%2Fmarcellus-shale-coalition-economic-impact.html&newsroom=335a4011-7fdf-410f-8e36-cb891220e74b\" aria-hidden=\"true\" />\n            Pittsburgh Business Times        </a>\n    </div>\n</div>\n<div id=\"bookmark-59fd088c-7f44-47a3-980b-c4cd7f0a120c\"\n     class=\"release-content-bookmark release-content-bookmark--horizontal\">\n\n            <a class=\"release-content-bookmark__thumbnail\"\n           href=\"https://marcelluscoalition.org/2023/09/27/new-study-natural-gas-generates-billions-for-pa-s-economy-supports-120k-jobs-boosts-critical-tax-revenues/\"\n           rel=\"noopener noreferrer\"\n           target=\"_blank\"           style=\"background-image: url(https://prezly.imgix.net/https%3A%2F%2Fmarcelluscoalition.org%2Fwp-content%2Fuploads%2F2023%2F09%2FMSC-Econ-Report.jpg?ar=1%3A1&amp;fit=crop&amp;s=cc3509bf93896b9b25cba2a34ca095bb)\"\n        ></a>\n    \n    <div class=\"release-content-bookmark__details\">\n\n                    <a class=\"release-content-bookmark__title\"\n               href=\"https://marcelluscoalition.org/2023/09/27/new-study-natural-gas-generates-billions-for-pa-s-economy-supports-120k-jobs-boosts-critical-tax-revenues/\"\n               rel=\"noopener noreferrer\"\n               target=\"_blank\"               data-type=\"bookmark\"\n               data-track=\"Story WebBookmark Click\"\n               data-placement=\"content\"\n               data-id=\"59fd088c-7f44-47a3-980b-c4cd7f0a120c\"\n           >\n                New Study: Natural Gas Generates Billions for Pa.\u2019s Economy, Supports 120k+ Jobs &amp; Boosts Critical Tax Revenues            </a>\n        \n                    <div class=\"release-content-bookmark__description\">\n                PITTSBURGH, PA \u2013 September 27, 2023 \u2013 Natural gas development is fundamental to the health and strength of Pennsylvania\u2019s economy, supporting well over 100,000 family sustaining careers, boosting state tax revenues, and generating billions in economic benefits, according to a new economic impact analysis commissioned by the Marcellus Shale Coalition (MSC).            </div>\n        \n        <a href=\"http://marcelluscoalition.org/\"\n           target=\"_blank\"\n           rel=\"noreferrer noopener\"\n           class=\"release-content-bookmark__provider\"\n        >\n            <img class=\"release-content-bookmark__provider-icon\" src=\"https://avatars.prezly.com/favicon?url=http%3A%2F%2Fmarcelluscoalition.org%2F2023%2F09%2F27%2Fnew-study-natural-gas-generates-billions-for-pa-s-economy-supports-120k-jobs-boosts-critical-tax-revenues%2F&newsroom=335a4011-7fdf-410f-8e36-cb891220e74b\" aria-hidden=\"true\" />\n            Marcellus Shale Coalition        </a>\n    </div>\n</div>\n<p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p>",
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    "links": [
        {
            "description": "Marcellus Shale Coalition highlights natural gas industry's economic impact in Pennsylvania",
            "url": "https://www.bizjournals.com/pittsburgh/news/2023/09/27/marcellus-shale-coalition-economic-impact.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=PI&j=32852034&senddate=2023-09-27&empos=p2"
        },
        {
            "description": "New Study: Natural Gas Generates Billions for Pa.\u2019s Economy, Supports 120k+ Jobs & Boosts Critical Tax Revenues",
            "url": "https://marcelluscoalition.org/2023/09/27/new-study-natural-gas-generates-billions-for-pa-s-economy-supports-120k-jobs-boosts-critical-tax-revenues/"
        }
    ],
    "author": {
        "first_name": "Blake",
        "last_name": "Lightholder"
    },
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}