Fracking supporters announce well fees, tax rates
SPRINGFIELD – Backers of a measure to regulate high-volume gas and oil drilling in Illinois announced Thursday they have agreed on the fees and extraction taxes that drillers would pay to the state if lawmakers approve a plan to regulate the practice.
The rates were presented during a meeting of the House Finance and Revenue Committee, which is expected to vote on the measure today.
The proposal calls for industry operators to pay $13,000 per well upfront, with $11,000 going to the Illinois Department of Natural Resources and the remaining $2,000 going to the state’s Environmental Protection Agency.
Story Archived
Please sign in with your Comment Member ID and password.
Having trouble?
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com









