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By March 30 2015
Throughout the entire Commonwealth, responsible shale development is fueling Pennsylvania’s economic revitalization. This clear fact is reflected, once again, in two new studies. Academics at both Pennsylvania State University (PSU) and Washington & Jefferson College (W&J) examined shale’s broad economic benefits, including job creation, and the findings couldn’t be more encouraging.
Washington County – home to the first Marcellus Shale well a decade ago – remains at the center of Pennsylvania’s shale revolution. And W&J’s new study determines that responsible shale development in Washington County has had a staggering $2.4 billion economic impact, while supporting 10,000 good-paying jobs. The study – based on 2011-2013 data – also highlighted the more than $24 million in Pennsylvania’s special impact tax revenues that directly benefit the county’s many local communities.