Economic Implications of Natural Gas Drilling in the Marcellus Shale Region

Timothy Kelsey and Thomas Murphy

Cascade, 2011, vol. 2

Abstract: The recent onset of drilling for natural gas in the Marcellus shale region is having a major impact on businesses, residents, and communities in Pennsylvania. According to Pennsylvania?s Department of Environmental Protection, since 2007 approximately 2,400 wells have been drilled in Pennsylvania to extract natural gas from the Marcellus shale formation, with the number expanding exponentially every year. More than 100 energy companies and related subcontracting firms have moved to Pennsylvania and are now active within the Marcellus shale region, bringing significant employment and business opportunities for the foreseeable future. However, along with these opportunities, development of Marcellus shale is also bringing some significant challenges, including environmental and social impacts. Most of the development is occurring in relatively small communities that lack the infrastructure and support necessary to accommodate rapid, intense population growth and economic and workforce expansion

Keywords: gas drilling; environment; Marcellus shale (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.philadelphiafed.org/-/media/frbp/asset ... 77/cascade_no-77.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpca:0002

Access Statistics for this article

Cascade is currently edited by Becca Sells

More articles in Cascade from Federal Reserve Bank of Philadelphia Contact information at EDIRC.
Bibliographic data for series maintained by Becca Sells ().