The Act 13 drilling impact fees will increase for calendar year 2014 as a result of an increase in the average annual cost of natural gas, according to a notice published in the February 7 PA Bulletin by the Public Utility Commission.  The revised fee schedule will be--

1st Year           $50,300*         $10,100**

2nd Year          $40,200           $ 8,000

3rd Year          $30,200           $ 6,000

4th Year          $20,100           $ 4,000

*Horizontal wells   **Vertical Wells

The fees for calendar year 2013 were--

Year 1  $ 50,000*   $10,000**

Year 2  $ 40,000   $ 8,000

Year 3  $ 30,000   $ 6,000

*Horizontal wells   **Vertical Wells

The NYMEX average annual price of natural gas was $4.415 in 2014.  In 2013 the average price was $3.652.

There were 1,372 unconventional gas wells spud in 2014 and 1,207 unconventional gas wells spud in 2013.  There were 1,347 unconventional wells spud in 2012 and 1,205 unconventional wells spud in 2013.

For more information, visit the PUC’s Act 13 Impact Fee webpage.

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2/9/2015