Report: Utica shale play counties post biggest gains in sales tax revenues

A new report from Energy in Depth (EID) finds that sales tax revenues in eight core oil and natural gas-producing counties in Ohio’s Utica shale play increased 15% more than in the state’s other 80 counties between 2012 and 2016, according to the Youngstown Business Journal. The report says Belmont, Monroe, Guernsey, Harrison, Carroll, Columbiana, Jefferson and Noble counties posted a combined 45% gain in sales tax revenues during that period versus the average 30% increase in the other counties. EID also said the oil and gas industry has pumped more than $50 billion into Ohio since 2012 in the form of drilling, midstream development and end users such as manufacturing facilities, power plants and natural gas liquids storage. For more, read the full story.

Ohio