Bill protecting oil and gas producers from new tax policy passes Ohio legislature

An Ohio Department of Taxation audit led the state agency to conclude that oil and gas producers are no longer exempt from sales taxes on several necessary capital expenditures, according to Columbus Business First.  House Bill 430, which was crafted to protect producers from these taxes passed the Ohio House and Senate, and recently received Gov. John Kasich’s signature for approval. State Rep. Tim Schaffer, R-Lancaster, said he introduced the bill to protect mom-and-pop production companies and hundreds of jobs. For more, read the full story

Ohio, Oil & Gas Litigation

U.S. Department of Transportation railway grant would support proposed PTT ethane cracker plant

Recently, Belmont County was awarded $16 million in federal grant funds to improve the rail system near the proposed site of the PTT ethane cracker plant. U.S. Rep. Bill Johnson, R-Ohio, said the funding indicates a positive direction for economic development in the region, supporting the proposal for a PTTGCA-Daelim ethane cracker plant nearby at Dilles Bottom, according to The Times Leader. PTT spokesman Dan Williamson and Belmont County Commissioner J.P. Dutton also acknowledged the possible positive impacts of the grant, which are anticipated to improve the county’s infrastructure and job growth. For more, read the full story.


Appalachian Storage Hub Conference speakers agree now is the time to build

The petrochemical industry in Appalachia is currently booming with the Shell ethane cracker under construction and other projects planned in the tri-state area. The Gulf Coast has many large storage hubs for the petrochemical industry, but industry experts at the Appalachian Storage Hub Conference agreed the Appalachian region needs its own storage areas to reach full output potential, according to the Pittsburgh Business Times. The payoff associated with an Appalachian storage hub is massive reports a recent American Chemistry Council study; it could spur billions of dollars in investment and create nearly 100,000 jobs.  For more, read the full story

Ohio, Pennsylvania, West Virginia

Mining officials announce $5M land remediation project in Harrison County, Ohio

State mining officials announced a $5 million land remediation project in Harrison County, reports The Times Leader. The newspaper says the site, planned for Sally Buffalo Park, will involve building a retaining wall that will redirect runoff from old surface mines, making the park safer and a “great economic driver.” For more, read the full story.


ETF Asks FERC for Service Authorization on Rover Laterals

Natural Gas World reports that Energy Transfer Partners (ETF) has asked FERC to issue several in-service authorizations for Rover Pipeline laterals in eastern Ohio. ETF has also agreed to complete restoration work along their pipeline route by the end of July.  For more, read the full story


NTE Energy opens natural gas-fired power plant in Ohio

NTE Energy recently opened its Middletown (Ohio) Energy Center, the latest in a series of natural gas-fired power plants that the Florida-based company is developing in Ohio, Texas, North Carolina and South Carolina, reports POWER magazine. NTE says the 525-megawatt combined cycle facility in Middletown is among the most efficient gas-fired power plants in the country due in part to heat from the power generation process being used to create steam that drives a steam turbine at the plant. For more, read the full story.


Study finds no evidence of natural gas drilling contaminating drinking water

A study of drinking water in Appalachian Ohio found no evidence of natural gas contamination from oil and gas drilling, according to Science Daily. The news site says the study, whose results were published recently in the journal Environmental Monitoring and Assessment, was conducted by geologists at the University of Cincinnati. They examined drinking water in Carroll, Stark and Harrison counties, primarily rural area in eastern Ohio, where many residents rely on water from private underground water wells. Click here to read more about the study’s findings.


Fairmount Santrol to move headquarters to Cuyahoga County

Fairmount Santrol, Inc., which mines sand used in oil and natural gas hydraulic fracturing operations, will relocate its headquarters from Chesterland to Independence, Ohio, reports The news site says the  Cuyahoga County Community Improvement Corp. has recommended that the company receive $500,000 in economic development loans for its proposed new headquarters. For more, read the full story.


Rex Energy plans to file for bankruptcy

Rex Energy Corp., a Pennsylvania-based oil and natural gas company, plans to file for bankruptcy, reports the Pittsburgh Post-Gazette. The newspaper says Rex, which operates in the Marcellus and Utica shale plays, disclosed in its quarterly report with the Securities & Exchange Commission that it could not come to an agreement with lenders after missing a debt payment in April 2018, and would be seeking protection under Chapter 11 of the bankruptcy code. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Testing continues at site of proposed Ohio ethane ‘cracker’ plant

Soil testing is under way at the former R.E. Burger power plant along the Ohio River in Belmont County to ensure the ground can support PTT Global Chemical’s proposed $10 billion ethane “cracker” plant, reports the  Wheeling Intelligencer/News-Register. “This is part of our ongoing feasibility and engineering work, including permit-related activities required through our contractors and consultants,” said PTT spokesman Dan Williamson, adding a final investment decision on building the plant remains under evaluation. For more, read the full story.

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