Natural gas development is fundamental to the health and strength of Pennsylvania’s 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 (full copy below) commissioned by the Marcellus Shale Coalition (MSC).
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The analysis, released at the kickoff of the SHALE INSIGHT™ conference, underscores the economic benefits of natural gas development across the entire Commonwealth as well as the sector’s projected impacts through 2050. Pennsylvania’s natural gas sector supports about 123,000 statewide jobs and contributed more than $41 billion in 2022 state economic activity, according to the report created by energy economists at FTI Consulting, Inc., a global business advisory firm. Additionally, natural gas production royalties paid to private and government entities reached $6.3 billion in 2022 alone.
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