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Drillers in Tuscaloosa Marine Shale region expect big savings from state tax cut

May 10, 2013


Mississippi hopes to become a key destination for horizontal oil and gas drillers.

JACKSON — Canadian energy company Encana estimates a new 80 percent state tax cut will save it up to $800,000 a year in oil and natural gas extraction taxes on wells it puts into production after July 1 in Southwest Mississippi’s Tuscaloosa Marine Shale development. Encana has six deep ground horizontal wells in the Tuscaloosa […]

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