Ohio was No. 2 in oil-gas investment opportunities in a survey done last year by the Canada-based Fraser Institute.
It slipped to 14th this year due to tighter drilling rules and the likelihood of new severance taxes that are being pushed by Gov. John Kasich.
Ohio is ranked 14th in this year’s Global Petroelum Survey of 147 states and countries by the Fraser Institute, a free-market think tank in Calgary, Canada.
Here is what one of the survey respondents said about Ohio: “Increased (state and federal) regulations within the past year to year-and-a-half have made it much more difficult to do business in the oil and gas industry in our jurisdiction. In addition to these new regulations, Ohio’s governor is proposing a drastic increase in the severance tax rate (on oil and gas). The tax increase is based on an emerging Utica shale play that has yet to be proven economic.”
The survey says Ohio's proposed tax increase and new regulations make investment in Ohio “much less desirable” for investment.
The Fraser Institute said its survey shows Ohio and several other states that scored slightly worse in this year’s survey still are viewed as places with potential for oil and gas investment.
Only Utah, California, Alaska and New York received “would not pursue investment” responses.
Oklahoma led the global survey as the best place for oil and gas investments.
Outside the United States, only Manitoba, Canada, the Netherlands and Denmark were in the global top 10.
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.