Ohio Budget Includes $25,000 Horizontal-Well Impact Fee
Tags: Ohio, Utica Shale
Ohio Governor John Kasich’s budget proposal includes additional provisions regulating the oil and gas industry in Ohio. The proposals include a $25,000 horizontal-well impact fee to be paid into county escrow accounts, a requirement to notify landowners of oil and gas lease transfers within 30 days of the transfer, new testing requirements and limits on the disposal of materials containing naturally occurring radioactivity and a ban on the use of brine on roads. These provisions are all part of Ohio’s two-year, $63 billion spending plan.