The Cleveland Plain Dealer today reported that Ohio Gov. John Kasich is expected to unveil a new energy policy for Ohio in the coming weeks.
That plan will reportedly include a mixture of new taxes, fees and regulation on drillers seeking natural gas from Ohio's Utica shale.
Kasich's plan would include a new tax on horizontal drilling and that revenue would then be used to provide a personal income tax cut for Ohioans.
The governor also wants to impose a new tax on so-called wet gases like butane, ethane and propane that are driving the drilling boom that is getting under way. They are especially lucrative with natural gas prices dropping.
He also wants to boost Ohio's severance tax on drillers and to impose an impact fee that would benefit local communities affected by drilling.
According to estimates, Ohio could get between $666 million and $1 billion in new revenue over the next five years.
Kasich's plan is likely to be strongly opposed by the industry and perhaps by some legislators.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.