Friday, February 2, 2018

PUC: Act 13 Drilling Impact Fees To Increase For 2017 Production Wells, IFO: Revenue To Increase $46.1 Million

The Public Utility Commission published notice in the February 3 PA Bulletin of increases to the Act 13 drilling impact fees covering 2017 producing natural gas wells using a fee formula included in the Act.
Year 1 horizontal well fees will increase $5,400 per well to $50,700, Year 2 horizontal well fees will increase $5,300 to $40,500, Year 3 by $200 to $30,400 and Year 4 to 10 by $5,200.  Vertical producing unconventional well fees will also increase generally by about $1,000 per well.
Click Here for the 2017 fees.  Click Here for the 2016 fees.
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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