Ohio Proposal for Revamped Severance Tax, New Impact Fee

new taxes aheadAs MDN reported last week, Ohio Gov. John Kasich introduced a shale gas and oil severance tax overhaul yesterday. The leaked details from last week were correct—but we now have the full proposal (embedded below). Gov. Kasich is tying a revamped severance tax to lowering income taxes for all Ohioans—by up to $1 billion over five years.

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Norse Energy Sells Off Another Piece of the Company

Norwegian driller Norse Energy’s U.S. subsidiary, with significant acreage in upstate New York, continues to sell off bits and pieces of its New York operation. Norse’s strategy has been to stay alive long enough for New York to adopt new drilling regulations and lift the de facto moratorium on Marcellus and Utica Shale drilling in the state. Norse’s latest sale is to a former Norse CEO.

From the Norse press release:

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