Possible Tax Increase puts Eastern Ohio Marathon Project on Hold

3/20/14 – 5:05 A.M.

Marathon Petroleum officials could delay a project in eastern Ohio. The East Liverpool Review reports the company has concerns about the state raising taxes on oil and gas production.

Columbiana County Port Authority CEO Tracy Drake tells the newspaper Marathon agreed to buy 3.6 acres of land in Wellsville last year. The land is next to a storage tank/transfer station. The company plans to build a truck staging area for handling up to 24,000 barrels of oil and natural gas.

While Marathon is still planning on buying the land, it could hold off on building the new facility. There are concerns that if the taxes increase drillers will leave the area, lowering demand for the truck staging area.

About the author  ⁄ Doug Jenkins