$351/acre, and the highest increase was in New York at $1,831.5/acre. In terms of LRRs, the East and Central region had the largest average percentage increase and the Central region had the lowest. The Central region also had the lowest value increase at $343.5/acre. The largest average increase occurred in the Northern Atlantic region at $2,201/acre. Across the region, counties with more drilling had higher average percentage changes in the market value of land and buildings per acre for 2002-2007. This pattern holds for each of the three LRRs with drilling (Table 20B). Similarly in Pennsylvania, counties with drilling experienced higher average percentage changes. However, in West Virginia, average percentage increase was lower in drilling relative to non-drilling counties. In Ohio, where considerable drilling occurred only after 2011, changes were only slightly higher in drilling counties and similar between non-drilling and counties with limited drilling (Table 19B). Table 19B. Market Value of Land and Buildings per Acre, by State (2002-2007) West All States New York Ohio Pennsylvania Number of Wells Virginia (8,738 (0 wells) (238 wells) (6,230 wells) (2,270 wells) wells) Average Percent Change All Counties 21.8% 14.3% 27.1% 51.9% 26.9% None (0) 21.8% 13.8% 13.4% 70.5% 20.0% Any (1+) - 16.3% 36.5% 47.8% 37.7% Significant (21+) - 39.2% 37.3% 45.1% 40.9% Drilling Activity Limited (1-20) - 12.0% 35.3% 50.4% 34.8% Medium (21-80) - 42.7% 31.0% 47.5% 39.2% Extensive (81+) - 32.1% 42.7% 43.0% 42.4% Drilling Intensity Average Change All Counties $1,831.5 $351.0 $548.0 $870.4 $816.9 Table 20B. Market Value of Land and Buildings per Acre, by Land Resource Region (2002-2007)
$351/acre, and the highest increase was in New York at $1,831.5/acre. In terms of LRRs, the East and Central region had the largest average percentage increase and the Central region had the lowest. The Central region also had the lowest value increase at $343.5/acre. The largest average increase occurred in the Northern Atlantic region at $2,201/acre. Across the region, counties with more drilling had higher average percentage changes in the market value of land and buildings per acre for 2002-2007. This pattern holds for each of the three LRRs with drilling (Table 20B). Similarly in Pennsylvania, counties with drilling experienced higher average percentage changes. However, in West Virginia, average percentage increase was lower in drilling relative to non-drilling counties. In Ohio, where considerable drilling occurred only after 2011, changes were only slightly higher in drilling counties and similar between non-drilling and counties with limited drilling (Table 19B). Table 19B. Market Value of Land and Buildings per Acre, by State (2002-2007) Number of Wells New York (0 wells) Ohio (238 wells) Pennsylvania (6,230 wells) West Virginia (2,270 wells) All States (8,738 wells) Average Percent Change All Counties 21.8% 14.3% 27.1% 51.9% 26.9% Drilling Activity None (0) 21.8% 13.8% 13.4% 70.5% 20.0% Any (1+) - 16.3% 36.5% 47.8% 37.7% Significant (21+) - 39.2% 37.3% 45.1% 40.9% Drilling Intensity Limited (1-20) - 12.0% 35.3% 50.4% 34.8% Medium (21-80) - 42.7% 31.0% 47.5% 39.2% Extensive (81+) - 32.1% 42.7% 43.0% 42.4% Average Change All Counties $1,831.5 $351.0 $548.0 $870.4 $816.9 Table 20B. Market Value of Land and Buildings per Acre, by Land Resource Region (2002-2007)
Ag_Shale_Gas_Marcellus_Region_4-10-2017.docx