Posts Written By: oeadmin

Hydraulic Fracturing Operation on Hold Due to Earthquake Concerns

The Ohio Department of Natural Resources (ODNR) has halted hydraulic fracturing operations at seven wells in Mahoning County due to suspicions they may have been responsible for minor earthquakes felt near the Pennsylvania/Ohio border, according to a Columbus Dispatch article. Two earthquakes were detected Monday, one a magnitude 3.0 and one a 2.6. No damage […]

Ohio Cracks Down on Motor Fuel Suppliers

Ohio is imposing a commercial activity tax (CAT) on the gross receipts of businesses. Receipts after July 1, 2014, which relate to the sale, transfer, exchange or other distribution of motor fuel will be excluded from CAT and replaced with a Petroleum Activity Tax (PAT). The PAT is imposed on the “supplier.” A “supplier” of […]

Fracktivists Up in Arms Over Promotions

Anti-fracking groups have harshly criticized the Ohio Department of Natural Resources (ODNR) after it was learned that the group charged with regulating hydraulic fracturing in Ohio also developed a plan to promote it, according to a report in the Columbus Dispatch. The 10-page memo from the ODNR was written in August 2012, and outlined how […]

Information Released on New Petroleum Activity Tax

The Ohio Department of Taxation has issued four information releases relating to 2013’s revamping of Ohio Commercial Activity Tax on petroleum distributors (Petroleum Activity Tax). Petroleum Activity Tax Information Release 2014-01 provides that petroleum suppliers subject to the Petroleum Activity Tax must apply for a license with the Ohio Tax Commissioner on or before March […]

Muskingum University Offers Major in Petroleum Geology

Muskingum University in New Concord, Ohio, has announced a new major in Petroleum Geology. This degree program will feature courses in “Introduction to Well Management”, “Sedimentary Petrology”, “Petroleum Geology” and “Subsurface Geology.” These courses are in addition to majors in geology, environmental science, conservation science and earth science. Employment for geoscientists is projected to grow […]