Agriculture and Natural Resources
Marcellus Shale Oil & Gas Resources
This page has been developed for Northeast Ohio Landowners to provide resources and answers to frequently asked questions. We hope that these resources will help you as you make decisions on whether to sign an Oil & Gas Lease or not.
Oil & Gas Lease Resources
There are a myriad of questions to ask as landowners decide whether to sign a lease with an Oil & Gas Company. The following fact sheet helps landowners as they make their decision
Leasing Farmland for Oil & Gas
Ohio Farm Bureau's Landowner's Guide to Oil & Gas Leasing
Dale Arnold's (Ohio Farm Bureau) Oil & Gas Leasing Powerpoint
Tax Implications of Oil & Gas Lease Resources
For
landowners who lease their oil and gas rights there is the potential for
significant income. While a landowner can’t avoid paying taxes on oil and
gas income, the landowner can use strategies to manage the taxes. It is also helpful to know on what IRS forms this money is reported. Below are links to resources which can help you understand this better:
Powerpoint slides from May 1 Portage County Presentation
Powerpoint Slides of David Marrison- Financial & Tax Implications of Ohio & Gas Lease Workshops
Financial & Tax Implications of Oil & Gas Leases (New)
Oil & Gas Lease Money is subject to Ohio's CAT Tax (New)
1040 Tax Form
Schedule E (form which oil/gas income is reported)
Financial & Tax Implications of Oil & Gas Leases Workshops
May 18, 2012 Ashtabula County Extension office 10-11:30 a.m.
May 24, 2012 (Trumbull County Extension office 9:30-11:00 a.m.
June 6, 2012 (Ashtabula County Extension office 10-11:30 a.m.
July 13, 2012 (Trumbull County Extension office 9:30-11:00 a.m.
Professional Help
This is a voluntary listing of financial professionals providing services in alphabetical order. These professionals have not been vetted or screened by Ohio State University Extension. Inclusion on this list does not constitute recommendation or endorsement of any kind. Please ask for references and before choosing a professional to assist you.
