Drilling

Ohio's GOP Treasurer Opposes Kasich Tax Hike

Associated Press — Thu, 07 Mar 2013 20:04:00 +0000

A fellow Republican state official has come out against Gov. John Kasich's proposed tax increase on drillers.

Ohio Treasurer Josh Mandel tells a meeting of the Ohio Oil and Gas Association he believes the governor's proposal to increase the severance tax stands to scare away Ohio oil and gas investment at a critical time.

Mandel's remarks Thursday mark the second time in under a month he has bucked the governor on a major policy issue.

Energy trade secrets prompt Ohio Statehouse feud

Associated Press — Wed, 23 May 2012 22:40:31 +0000

Environmental advocates in Ohio are blasting a newly added energy-bill provision, which they say would limit the rights of drilling opponents to sue energy companies for withholding chemical trade secrets.

Big and Small Business React to Potential Income Tax Cut

Bill Cohen (Ohio Public Radio) — Mon, 05 Mar 2012 21:04:00 +0000

Small business owners are salivating at the prospect Ohio might raise up to $1 billion over five years by hiking taxes on natural gas liquids drillers and using the revenue to pay for a general income tax cut.

Gas Drilling Could Lead to Ohio Jobs

Dayton Daily News and Associated Press — Mon, 12 Sep 2011 12:25:00 +0000

The Dayton Daily News reports that natural gas trapped in two shale formations beneath Ohio could mean thousands of new jobs, if activity in other states is any indication.

Pennsylvania,which sits on one of the same shale formations as Ohio, saw gas and oil industries hire 72,000 new people from the fourth quarter of 2009 to the first quarter of 2011.

The newspaper reports that a series of announcements in the last week, including $750 million in land leasing by the Hess Corp. for possible drilling, shows that Ohio is on the cusp of an oil and gas boom.

Ohio Senate Approves Drilling in State Parks

Associated Press — Thu, 16 Jun 2011 11:13:12 +0000

State parks and other lands in Ohio will be opened to oil and gas drilling under a bill that has passed the state Senate on Wednesday.

The Senate voted 22-10 on the legislation that sets up a commission to oversee oil and gas leasing. It also requires state agencies to create property inventories that could yield potential drilling sites.

The House has passed the bill, but would have to agree to the Senate's changes before it could go to the governor's desk.