Economic Impact

Energy production is a partnership and our company works every day to create economic opportunities for our region, community members, and shareholders. Shale development continues to have a significant and positive impact on the U.S. economy, increasing domestic energy supply, improving security, delivering consumer savings, creating good-paying jobs, and making our country’s manufacturing sector more competitive.

The natural gas industry is directly increasing U.S. GDP, providing significant tax and impact fee revenues, and helping family-operated farms across Pennsylvania. Range continues to work collaboratively with policymakers to ensure that we’re fully maximizing the broad-based benefits.

To that end, we are constantly seeking opportunities to enhance the communities where we work through job creation, local contractor partnerships, and royalties for landowner partners, as well as providing significant tax revenue for the states where we live and work.

We track our economic impact on our communities to ensure we continue to improve and build on the opportunities to enhance the well-being and prosperity of these local economies.

Community Business Partnerships

We value local business partnerships, and we are proud of our strong record of working with local businesses across our areas of operation as well as domestically-based companies. Natural gas is benefiting manufacturers and business across the United States, through affordable energy costs and increased demand of industry products. We do this through a number of ways, including a comprehensive Contractor Management Plan, which maximizes shared benefits and helps to improve local employment and economic opportunity.

We value local business partnerships, and we are proud of our strong record of working with local businesses across our areas of operation as well as domestically-based companies. Natural gas is benefiting manufacturers and business across the United States, through affordable energy costs and increased demand of industry products. We do this through a number of ways, including a comprehensive Contractor Management Plan, which maximizes shared benefits and helps to improve local employment and economic opportunity.

Pennsylvania Leasing & Royalties

Shale development is a partnership that goes beyond Range and its contractors; it’s a partnership with the communities. These partnerships have brought great opportunities for lessors, local governments and community members. Since 2006, Range has paid more than $2 billion in leasing and royalty payments across Pennsylvania. The majority of those dollars were distributed in Range’s core operating area of Washington County, where a total of $1.6 billion dollars has gone to landowners.

A significant amount of those dollars has been directly paid to local governments. Washington County has received more than $40 million from county-owned properties that have been leased, including Cross Creek County Park, where Range has drilled more than 30 wells. Recently the county was able to build and open a new boat launch and recreation area in Cross Creek using funds that originated almost exclusively from royalty payments from wells Range drilled. The county is also constructing a new “Discovery Cove” feature at Cross Creek, which will include a boardwalk, trail and fishing pier at the public park.

Pennsylvania Impact Fee and Taxes

Impact fee dollars directly benefit areas with the most shale development activity. Washington County, Range’s core operating area, has received approximately $50 million since 2011, leading all Pennsylvania counties in funds received. Some municipalities in Washington County have received more than $500,000 each year in impact fee dollars largely due to Range’s activity in the region. The Impact-fee model is unique to Pennsylvania, as most other states refer to this payment as a severance tax.

In Pennsylvania, the oil and gas industry has paid nearly $1.5 billion in impact fees since the inception of the fee. Specifically, Range has paid more towards Pennsylvania’s impact fee than any other operator, totaling over $180 million in total fees since 2011.

This money has been used to build new bridges, improve community parks and support first responders along with funding important initiatives like environmental projects and housing initiatives.

“Washington County continues to thrive thanks in large part to the contributions of important businesses like Range Resources whose significant investments have played a vital role in supporting our local economy, parks and communities. Range has always been a leader – not only as an innovative producer of natural gas, but as a company that has driven important economic development and growth that continues to deliver benefits to our region.”

– Jeff Kotula, President, Washington County Chamber of Commerce