Shale Gas Taxation
Residents living and working in the Ohio Valley are fortunate to be part of the largest source of natural gas in the United States, The Marcellus Shale Region. Before 2008, the Marcellus Shale was considered to have inconsequential natural gas potential. It is now believed to hold the largest volume of recoverable natural gas in the United States.
This new industry has brought millions of dollars of investment, new business, new discussions, problems and tax issues to a region that was largely uneducated in this gas and oil industry. Professionals, individuals and businesses had a steep learning curve to educate themselves.
We were years behind other developed shale regions. Yourkovich & Associates quickly realized the importance of this shale gas movement and spent considerable amount of time on research, learning and education concerning this industry. The gas and oil industry has generated payments to land and mineral owners in the form of
All of the above types of payments and others have created taxing issues for the recipients. Yourkovich & Associates has been at the forefront of helping clients manage these taxing issues and educating the public on its tax impacts and consequences. Contact us to help you understand the tax implications of gas and oil payments before and after signing agreements and negotiating payments. There is no substitute for proper tax planning with the help of your qualified CPA.