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A Look at Sources and Uses of US State and Local Oil and Gas Revenues

Posted: May 8, 2017

The United States has seen oil and gas production increase dramatically over roughly the past decade, creating major impacts for state and local governments, and a new landscape for fiscal and regulatory policy. There has been limited analysis of state policies to help policymakers tailor their fiscal policies to best meet the needs of residents, businesses, and multiple levels of government.
Image:  Penn State Extension Shale Education Team

Image: Penn State Extension Shale Education Team

This month’s webinar, “Oil and Gas Revenues and Local Impacts across Sixteen US States” will compare all major state and local government revenues from oil and gas production, and describe major impacts in regions such as the Marcellus, Bakken, Permian, and more. Presenter Daniel Raimi, Senior Research Associate with Resources for the Future (RFF), will describe the major sources and uses of oil and gas revenue in all major oil and gas producing states and the fiscal impacts for local governments in those regions. Implications of changes in revenue policy and commodity prices for state and local governments across the US will also be discussed.

“Most existing research focuses exclusively on severance taxes or Impact Fees, but our analysis includes other major revenue sources including property taxes, as well as oil and gas leases on state or federal lands,” states Raimi. “Our analysis also includes interviews with over 250 local government officials across the country to assess local impacts.”
The webinar will be held Thursday, July 20th from 1 to 2 PM ET. While free, registrations for the educational webinars are necessary. All can go to the Penn State Extension Natural Gas Events page to register and to find out more information for each upcoming webinar.  For more information, contact Carol Loveland at 570-320-4429 or by email at cal24@psu.edu.
Penn State Extension's Marcellus Education Team provides monthly webinars on a variety of topics. Upcoming webinars for 2017 include:

  • May 18 Oil and Gas Revenues and Local Impacts Across 16 US States, Daniel Raimi, Senior Research Associate, Resources for the Future (RFF)
  • June 15 Shale Legislative Updates, Ross Pifer, Clinical Professor at Penn State’s Law School, Director of the Rural Economic Development Clinic and the Director of the Center for Agricultural and Shale Law
  • July 20 Assessment of Atmospheric Methane Emissions from Natural Gas Production along the Northeastern Marcellus Shale, Zachary R. Barkley, Penn State M.S. Research Assistant, Department of Meteorology, PSU and Thomas Lauvaux, Penn State Senior Research Associate, Associate Professor of Meteorology

Previous webinars, publications and information also are available on the Penn State Extension natural-gas website, covering a variety of topics such as liquid natural gas, global gas markets; methane emissions; water use and quality; Marcellus and Utica basins; natural gas reserves; gas-leasing considerations for landowners; legal issues surrounding gas development; and the impact of Marcellus gas development on forestland.