Range Resources recently posted an informative new video on YouTube explaining the impact fee, Pennsylvania’s tax on natural gas producers.

Range Resources has been drilling Pennsylvania Marcellus Shale since 2014. They drilled their first successful well, called the Renz #1, in Washington County. As an energy producer in Pennsylvania, Range, as well as other producers, pay an annual fee on each and every well they drill, called an impact fee.

The impact fee is Pennsylvania’s way of taxing natural gas. Pennsylvania is the only state with the impact fee. The Pennsylvania legislature chose to assess the impact fee (its’s own version of a severance tax) so they could allocate revenue to every county, not just the counties where the actual drilling took place.

Read more:

http://naturalgasnow.org/range-resources-natural-gas-impact-fees/