| Title | The Economic Impact of the Value Chain of a Marcellus Shale Well |
| Publication Type | Journal Article |
| Authors | |
| Journal | Pitt Business Working Papers |
| Pagination | 92 |
| Abstract | The Economic Impact of the Value Chain of a Marcellus Shale Well Site examines the
direct economic impact of a Marcellus Shale well located in Southwestern
Pennsylvania. This study seeks to fill a critical information gap on the impact of gas
drilling and extraction from Marcellus Shale deposits deep underground: an assessment
of the economic impacts – emphasizing the direct economic impact, rather than just
focusing on the perceived benefits and impacts affecting the region. Our analysis is
based on extensive field research, including a site visit and interviews with industry
participants. It is further cross-validated by examining similar costs for development of
Marcellus Wells by a vertically-integrated exploration and production firm. |
| Notes | '\nMeasures economic impact of hydrofracking.\nDiscusses direct and indirect economic consequences of fracking and other industrial activities.\nAlso discusses leasing process.\nBonds for roads used by oversize vehicles (31-32).\nExpenses to build wells.\nThe estimated direct costs for a complete well is on page 65 and is $7,651,825 for leasing, permits, site prep, drilling and fracking, etc. \n\n - mcdevl2'
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| URL | http://d-scholarship.pitt.edu/10484/1/PittMarcellusShaleEconomics2011.pdf |
