News & Press: Press Release

Ohio Oil and Gas Association: Statement About Ohio’s Biennial Budget Proposal

Monday, February 2, 2015   (0 Comments)
Posted by: Lyndsey Kleven
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For Immediate Release
February 2, 2015

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

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Today, the administration previewed broad tax proposals as part of the biennial state budget. While we plan to thoroughly review these proposals as they move through the legislative process, we have serious concerns about how these tax policies could impact Ohio workers and businesses.

With a 60 percent decline in oil and natural gas prices over the last year due to global and external factors, we simply cannot afford a tax policy that would discourage operators from investing in our state and instead move their capital to more profitable shale plays.     


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