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Fracking Supporters Agree on Fees for Drillers
Supporters of a measure to regulate high-volume gas and oil drilling in Illinois now agree on fees and taxes that drillers would pay to the state.
Industry operators will pay $13,000 per well to help fund the state's regulatory program. Operators will also pay a 3 percent per barrel tax during the first two years of operation. Higher taxes would come in later years.
Lawmakers are currently considering a measure to regulate fracking in Illinois. It's a process that uses water, sand, and chemicals to crack deep rock formations to release oil and natural gas.