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.