Local government financial impact of recent oil and gas development
Technological advances applied to shale formations have led to a surge in oil and gas production in the United States over the past decade, with important implications for local governments. Energy Initiative Director Richard Newell and Associate in Research Daniel Raimi have been studying the financial impact to local governments from this surge in development, with the support of the Alfred P. Sloan Foundation. The Shale Public Finance project will produce a series of publications that describes local experiences from a variety of U.S. local governments and identifies key findings.
The first report of this project reviews the major revenues, costs and net fiscal impact for county and municipal governments in eight states where large increases in oil and/or gas production have recently occurred.
The interactive map below illustrates key findings.
As part of our research, project team members traveled to a number of key shale gas and oil production regions around the United States, including the Bakken in North Dakota and Montana, the Marcellus in Pennsylvania, the Eagle Ford and Barnett in Texas, and the Haynesville in Louisiana. You can read about each trip on our travel blog.