Ohio Farm Bureau introduces Energy and Utility Issues Resource Guide
Ohio Farm Bureau’s newest resource for members seeks to help farmland owners navigate the many questions surrounding energy development.
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Legislation addressing orphan oil and gas wells landowners contend with throughout the state was signed into law by Gov. Kasich on June 29.
“Currently 250,000 vertical and horizontal wells have been drilled in the state with potentially thousands of them being orphaned, meaning their owners are untraceable,” said Jenna Beadle, OFBF director of state policy. “Our members are often plagued with one or more orphan wells on their property and this legislation will encourage more landowners to report the existence of orphan wells on their property and create more financial resources to begin plugging these wells.”
The legislation alleviates several of the challenges associated with orphaned wells. Significantly, it creates a prioritization structure that will cause Ohio Department of Natural Resources to evaluate these wells and develop a strategy to begin quickly addressing them in order of urgency.
Wells would be classified as:
• Distressed – high priority
• Moderate – medium priority
• Maintenance – low priority
This scoring matrix causes ODNR to evaluate these wells and begin quickly addressing orphaned wells that are the most hazardous to the surrounding environment.
Also, landowners will no longer be penalized on their federal income taxes for receiving financial assistance from the ODNR’s Orphan Well Program to plug an orphaned well.
The plan we are on is great. It’s comparable to my previous job's plan, and we are a sole proprietor.
To grow a network and gain perspective and knowledge in the industry through personal and professional development has been invaluable. Every day I learn and grow.
The issue of property taxation remains as one of the biggest challenges our members face today. Ensuring agricultural property is valued for its agricultural potential and not development is critical to the continued success of Ohio agriculture.
Farm Bureau is what really got the word out. It’s been one of their goals to get this done.
I could not have done it without the resources I have found through Farm Bureau.
Because we are younger farmers just starting out, Farm Bureau has a lot of good opportunities and resources to help us grow in the future.
Through the Select Partner program, we became educated in farm insurance and weren't just selling policies. It became more and more clear why farmers need an advocate like Ohio Farm Bureau.
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