chevron in the marcellus shale
investing in the marcellus shale
Our work in the Marcellus Shale is fueling job growth and strengthening local economies.
Chevron is one of the largest leaseholders in the Marcellus Shale, with 718,000 net acres of leases. One of North America’s largest and richest sources of natural gas from shale, the Marcellus runs beneath large swaths of New York, Pennsylvania, West Virginia and eastern Ohio and dips into neighboring states.
Developing Marcellus energy has substantial economic benefits throughout the region. According to the Pennsylvania Public Utility Commission, impact fees generated a record $224.5 million for the state in 2013. From 2011 through 2013, these impact fees—paid to local governments for public projects, such as bridges, roads and firefighting equipment—generated more than $630 million. These fees are in addition to billions of dollars in other taxes and royalty payments and local jobs created directly or indirectly by natural gas development.
Updated: May 2015