Over 70 business people attended a meeting yesterday to learn about the new Muskingum Oil & Gas Coalition and hear from a leading oil and gas industry executive.
Jerry James, president of Artex Oil Company based in Marietta Ohio, talked about the economics of the industry, what producers are active in Ohio, and his concerns about the Governor's proposal to raise the severance tax on shale oil and gas production. James is also president of the Ohio OIl & Gas Association which is strongly opposed to increasing taxes on oil and gas since shale exploration is still in its infancy and unproven. The Chamber is also opposed to increasing taxes on the industry since it could stifle economic investment in the state.
Information was also provided on the benefits of joining the coalition. The coalition has plans to conduct marketing activities at trade shows and in industry publications in order to help its members reach out to companies involved in the oil and gas production supply chain. The coalition website, www.muskingumshale.com, has more details on marketing plans for the group.
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