Wednesday, January 31, 2018

IFO: Act 13 Drilling Impact Fee Revenue To Increase $46.1 Million

The Independent Fiscal Office Wednesday released its latest report on Act 13 drilling impact fee revenues which said the revenue coming in this year is estimated to be $219.3 million, up $46.1 million over last year when $173.2 million was collected.
The IFO said the additional revenue comes from a higher price for natural gas used in the fee calculation and production from new unconventional natural gas wells offsetting the decline from older wells.
The most ever collected from the fee was in 2013 -- $225.7 million.
Click Here for a copy of the report.

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