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  1. Oil and Gas: Ohio drillers say 6 shale counties saw $43M tax bump

    This Sept. 19, 2012, file photo shows a drilling rig across the street from a farmhouse in Carrollton, Ohio. Oil and gas drillers in Ohio have paid $43 million in property taxes in six shale counties since 2011, according to a report by the Ohio Oil and Gas Association and Energy In Depth Ohio released Thursday, Feb. 9, 2017, amid Republican Ohio Gov. John Kasich's renewed push to increase severance taxes. (AP Photo/Tony Dejak, File) COLUMBUS, Ohio (AP) — Oil-and-gas drillers in Ohio have paid $43 million in property taxes to local governments and schools in six shale counties since 2011, according to a report released Thursday. The finding by the Ohio Oil and Gas Association and Energy In Depth Ohio, a natural-gas research and education group, comes as Republican Gov. John Kasich has renewed calls for a severance-tax increase on the industry. Kasich's proposed two-year, $66.9 billion operating budget raises $448 million from the severance-tax increase. The increase would combine with other tax reforms to pay for a net statewide income-tax reduction of $39 million. Thursday's report shows Belmont, Carroll, Harrison, Noble, Monroe and Guernsey counties have seen a combined 22 percent revenue boost from the longstanding ad valorem real estate property tax, amid a 35-fold increase in natural gas production. "I've heard from many county commissioners and other elected officials, community leaders in eastern and southeastern Ohio, who've told me that they've had their budgets saved, thanks to the millions of new tax dollars rolling into their coffers," said U.S. Rep. Bill Johnson, a Marietta Republican whose district spans much of Appalachian Ohio. The industry projects that continued growth will allow the same tax to generate between $200 million and $250 million over the next 10 years. Energy In Depth state director Jackie Stewart said counties have the opportunity to build a coordinated regional growth strategy based on those estimates. She said the tax has been misunderstood and hard to track, so her organization took the initiative to sort out the information and provide it to the counties. Shawn Bennett, executive vice president of the Oil and Gas Association, said Kasich's tax proposal could negatively impact an industry that's already giving money back to the communities. "Any time you raise taxes on an industry, there is going to be consequences," he said. "In this instance, you're going to see less drilling, less development of natural resources. So there's going to be less wells drilled, and less wells drilled on the fringe counties." Kasich argues the industry's operations in Ohio's lucrative Utica Shale play is strong enough to sustain a severance tax increase. His fellow Republicans in the state Legislature have shown little appetite to approve the tax increase.

    Online Articles

    Online Articles

    Sat, 11 Feb 2017

  2. Gulfport Energy to acquire undeveloped dry gas Utica acres in Ohio

    Gulfport Energy has entered into a definitive agreement with a third-party to acquire undeveloped acreage in northern Monroe County, Ohio for $87 million.

    Online Articles

    Online Articles

    Wed, 7 Dec 2016

  3. Eclipse completes $63M non-core Utica asset sale

    Eclipse Resources has completed the sale of approximately 9,900 net acres in eastern Noble County and western Monroe County, Ohio for approximately $63.8 million to an undisclosed buyer.

    Online Articles

    Online Articles

    Tue, 20 Dec 2016

  4. TransCanada gets approval to construct shale gas pipeline projects

    The US Federal Energy Regulatory Commission has issued an order approving the construction of TransCanada Corp.’s Leach XPress and Rayne XPress projects that will transport natural gas from the Marcellus and Utica regions to the Midwest and Gulf Coast.

    Online Articles

    Online Articles

    Thu, 19 Jan 2017

  1. Utica shale may hold more oil, gas than earlier estimates, study says

    Online Articles

    Online Articles

    Tue, 13 Oct 2015

  2. Marcellus, Utica provide 85% of U.S. shale gas production growth since start of 2012

    Shale gas production from the Marcellus and Utica regions increased by 12.6 Bcf/d from January 2012 to June 2015, making these regions the driving forces behind overall U.S. natural gas production growth.

    Online Articles

    Online Articles

    Tue, 29 Dec 2015

  3. Oil and Gas news: EQT releases seven-day data for Utica Well

    EQT Corporation has announced the completion of the flow-back operation on its Scotts Run 591340 dry Utica well located in Greene County, Pennsylvania. 

    Online Articles

    Online Articles

    Thu, 30 Jul 2015

  4. MarkWest, EMG expand Utica dry gas gathering capabilities

    MarkWest Energy Partners LP and the Energy & Minerals Group have developed a new, large-scale dry gas gathering system to expand the parties’ midstream position in the Utica shale play. The system will be underpinned by a long-term, fee-based contract with Ascent Resources – Utica LLC, a subsidiary ...

    Online Articles

    Online Articles

    Thu, 13 Aug 2015

  5. Antero increases Marcellus focus due to Utica ‘transportation constraints’

    Antero Resources Corp., Denver, reported that it will further shift activity to the Marcellus from the Utica in 2016 due to “firm transportation constraints” in the Ohio shale play.

    Online Articles

    Online Articles

    Fri, 19 Feb 2016

  6. Magnum Hunter near closing Utica JV with private equity fund

    Magnum Hunter Corp., Houston, filed US Securities and Exchange Commission documents indicating a tentative letter of intent for a Utica shale joint venture involving an undisclosed private equity fund for $430 million.

    Online Articles

    Online Articles

    Wed, 12 Aug 2015

  7. EVEP to divest interest in Utica East Ohio for $575M

    EV Energy Partners LP has signed a definitive agreement to divest its entire 21% interest in Utica East Ohio Midstream LLC to Utica Gas Services LLC, a subsidiary of Williams Partners LP, for a total cash consideration of $575 million.   

    Online Articles

    Online Articles

    Mon, 6 Apr 2015

  8. Gulfport acquires additional acreage in Utica shale play

    Gulfport Energy Corp. has entered into agreements to acquire additional acreage in the Utica shale play, associated assets and incremental firm transportation commitments from American Energy -- Utica LLC.

    Online Articles

    Online Articles

    Wed, 10 Jun 2015

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