Natural Gas Pipeline Leads to Tax Windfall for Ohio School District

A successful executive who served as the executive vice president of global exploration for Royal Dutch Shell and as the executive vice president of exploration and commercial for Shell Upstream Americas in Houston, David Lawrence is now retired from those positions and serves as chairman of Lawrence Energy Group. In his new venture, David Lawrence focuses on a number of different energy sectors, including natural gas. 

Natural gas has emerged in the past decade as an alternative to fossil fuels such as coal terms of major domestic energy production. For this reason, major companies have ramped up distribution networks and are building pipelines throughout the country to take advantage of the growing market. The new pipeline projects not only bring natural gas to areas that may not have had easy access before, but they also aid in job growth.

One other way that natural gas is benefiting communities is through new tax revenue. In rural Ohio, for example, the Cloverleaf school district is reaping a financial windfall due to new taxes put in place on natural gas operation from the new NEXUS pipeline that is being built throughout the state. In the coming years, more school districts and other local government entities will likely find similar ways to piggyback off the expansion of the natural gas market.

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