The Ohio Petroleum Council today urged state policy makers to proceed with “cautious deliberation” in raising taxes or imposing higher fees on natural gas-oil drillers.
“Any increase in taxes on the industry could slow job growth in Ohio,” said Terry Fleming, executive director of the Columbus-based Ohio Petroleum Council.
“Many energy companies are spending millions upfront to invest in oil and gas exploration of the Utica shale development,” he said in a statement. “Companies in this industry depend on some operational certainty and exploration and production in Ohio could be delayed as a result of any new fees.”
According to one Ohio study, increased gas and oil exploration in Ohio will provide $479 million in taxes (state, local, property) by 2015 without raising taxes or fees, he said.
That is a significant increase from the nearly $33 million paid by the industry in Ohio in 2010.
On impact fees, the industry has a “substantial track record of voluntarily repairing and making substantial improvements to local roadways,” he said.
The industry, Stewart said, supports what he called “appropriate levels of taxes and regulations.”
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.