Industry reps support plan on taxation of oil and gas production

Industry reps support plan on taxation of oil and gas production

Industry representatives voiced their support Wednesday for House Republicans’ plan to revamp tax rates on oil and gas produced in eastern Ohio’s emerging shale oilfields.

They repeated many of the same arguments they’ve made over the past two years: that a previous plan offered by Gov. John Kasich’s administration would stifle horizontal hydraulic fracturing development at a time when companies are still trying to determine the most productive fracking areas.

For more on this story, see Thursday’s Vindicator or vindy.coms