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News & Press: Press Release

Study Released Detailing Risks of Proposed Ohio Severance Tax Increase

Thursday, May 21, 2015   (0 Comments)
Posted by: Lyndsey Kleven
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For Immediate Release

May 21, 2015
                

Download the full press release

Download The 2015 Proposal to Raise Oil and Gas Severance Taxes: an Untimely Threat to Ohio's Energy Industry

Ohio Oil and Gas Association:
Southern Methodist University Maguire Energy Institute and Cox School of Business 
Release Study Detailing Risks of Proposed Ohio Severance Tax Increase  

From Shawn Bennett, executive vice president of the Ohio Oil and Gas Association:

Today the Maguire Energy Institute and Cox School of Business at Southern Methodist University in Dallas, Texas released a study detailing the dangers of enacting a steep severance tax increase as suggested by Governor Kasich’s Administration in February 2015. 

As stated in the study, simply put, now is the worst time to increase oil and gas severance taxes, since the industry is at the bottom of the business cycle.

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