© 2015

Economics of Unconventional Shale Gas Development

Case Studies and Impacts

  • William E. Hefley
  • Yongsheng Wang


  • Provides the first account of the impacts of unconventional shale gas development in the U.S. from an economic perspective

  • Presents a comprehensive picture using a wide range of research from multiple levels of analysis, from single wells to entire states

  • Contains findings in economics and policy from leaders of research and outreach in the field of shale gas research


Part of the Natural Resource Management and Policy book series (NRMP, volume 45)

Table of contents

  1. Front Matter
    Pages i-vi
  2. William E. Hefley, Megan K. Kiniry, Yongsheng Wang
    Pages 1-13
  3. William E. Hefley, Shaun M. Seydor
    Pages 15-45
  4. Kirsten Hardy, Timothy W. Kelsey
    Pages 71-91
  5. Timothy W. Kelsey, Kirsten Hardy
    Pages 93-120
  6. Thomas Tunstall
    Pages 121-148
  7. Kathryn J. Brasier, Lisa Davis, Leland Glenna, Timothy W. Kelsey, Diane K. McLaughlin, Kai Schafft et al.
    Pages 149-178
  8. Alan Krupnick, Zhongmin Wang, Yushuang Wang
    Pages 203-232
  9. Clifford A. Lipscomb, Sarah J. Kilpatrick, Yongsheng Wang, William E. Hefley
    Pages 233-246

About this book


This book examines the economics and related impacts of unconventional shale gas development. While focusing on the Marcellus and Utica Shales in the Mid-Atlantic region, additional insights from other regions are included to provide a broader view of these issues. Shale gas development in recent years has changed the energy discussion in the US, as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible. The importance of natural gas is seen as likely to continue to expand over the coming years, and is expected to increase even further with environmental considerations, such as greenhouse gas emissions. Horizontal drilling and hydraulic fracturing producing natural gas from deposits such as the Marcellus Shale is making the US a net producer of natural gas. Previous studies have examined the economic impact of exploration and production in the region. Other studies have addressed legal, environmental, biodiversity, and public health impacts of unconventional shale development. This is the first volume to focus solely on the economics and related financial impacts of this development. This book not only fills the research gap, but also provides information that policy makers and the public need to better understand this pressing issue.


Marcellus shale economic impact environmental impact horizontal drilling hydraulic fracturing shale gas development

Editors and affiliations

  • William E. Hefley
    • 1
  • Yongsheng Wang
    • 2
  1. 1.Katz Graduate School of BusinessUniversity of PittsburghPittsburghUSA
  2. 2.Washington and Jefferson CollegeWashingtonUSA

Bibliographic information

Industry Sectors
Finance, Business & Banking