Drillers pay Ohio counties $141.9M in taxes
Friday, October 11, 2019
Carroll, Columbiana, Harrison, Belmont, Guernsey, Jefferson, Monroe and Noble counties in Ohio received $141.9 million in real estate property taxes from drilling from 2010-2017, according to the report released Wednesday by the Ohio Oil and Gas Association and Energy in Depth.
Kallanish Energy Reported the top three counties benefiting from tax collections during the same period were as follows:
Harrison County — $40.8 million
Carroll County — $34.6 million
Monroe County — $17.2 million
In 2017, the top tax collectors were:
Harrison County — $12.5 million
Carroll County — $8.5 million
Belmont County — $8.0 million
It’s projected the eight Ohio shale counties could collect $200 million to $250 million in property taxes between 2016-2026, said Dan Alfaro of Energy in Depth.
Learn more: Kallanish Energy > Ohio counties get $141.9M in taxes from drillers
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.