Idle gossip | Arkansas Blog

Idle gossip

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The gas drillers might -- might, mind you -- be willing to accept a severance tax of about half the 7 percent on market value proposed by former gas company executive Sheffield Nelson, who's threatening to crank up an initiative campaign. Or so I'm told. No word if they'd also expect an even more preferential rate for Fayetteville shale exploration, but I'd predict the answer is yes.

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