Babst Calland: Ohio House Of Representatives Proposes Increase In Severance Tax

By Benjamin J. Bolinger A bill to increase the severance tax on oil and gas drilling has been proposed in the Ohio House of Representatives. House Bill 375 would increase the severance tax for horizontal shale wells to 1% for the first five years of production, and to 2% after five years, if production...

Babst Calland: Updates to Ohio’s Proposed Increase of Severance Tax on Natural Resources

By Michael T. Altvater The Ohio House Ways and Means Committee updated House Bill 375, which proposes changes to the severance tax on natural resources. Among the updates are an increase in the proposed severance tax to 2.25% from 2% for horizontal wells, a reduction in the period of time for the...

Babst Calland: West Virginia Senate Passes Future Fund Bill

By Ben Milleville The West Virginia Senate unanimously passed Senate Bill 461 , known as The Future Fund Bill, on February 21 st . The Bill, as described in an Associated Press story published in the Charleston Gazette, would create a new fund that would be financed by 25 percent of the severance...

Babst Calland: Pa. House Panel Approves Bill To Reform Guaranteed Minimum Royalty Act

By Elena L. Rorabaugh As reported by legal news website Law360 , a Pennsylvania bill was approved by the House Environmental Resources and Energy Committee that would amend the Guaranteed Minimum Royalty Act of 1979 (GMRA) and will move to the House floor. House Bill 1684 would amend the GMRA to clarify...