Marathon Petroleum Corp. might delay development at the Wellsville industrial park until the severance tax issue is resolved

Findlay-based Marathon Petroleum Corp. has indicated to the Columbiana County Port Authority that it might delay development of 3.6 acres at the Wellsville industrial park until the severance tax issue is resolved, the Morning Journal News reports (See our March 25, 2014, blog post for more information). Last year, the company bought the acreage, which sits adjacent to its storage tank/transfer station, from the county for $2.4 million with plans to develop a truck staging area "for handling up to 24,000 barrels of oil and natural gas bound for its terminal from drilling operations in the region." Company officials apparently told county officials that they are nervous that an "excessive" increase in the severance tax might drive some drilling companies to pull out and relocate operations to "states with lower production taxes," the article said.

Ohio