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Shale drilling is fueling an investment boom in Ohio

By: Dan Shingler, Crain's Cleveland Business, 4/6/2014

A staggering $18.7 billion. That's the most recent accounting of the amount of money being invested in Ohio as a result of shale drilling.

The tally is based upon a recent report by the Columbus law firm Bricker & Eckler, which has been following infrastructure and other shale-related investments since early in 2013.

“We've spent a lot of time on this,” said Bricker & Eckler associate Matt Warnock, who works on shale-related legal issues in the Utica shale region. “This list has gone through three iterations already,” Warnock noted.

The first time that he worked on the list, about a year ago, there was about $12 billion in investments either made or committed to be made in Ohio. Since then, the number has continued to grow rapidly. It's not in dribs or drabs, either. There are no fewer than 12 projects that each represents an investment of $500 million or more on the current list of the Buckeye State's shale oil and gas investments.

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Ohio University Studies Shale Impact

By: Casey Jenkins - Staff Writer, The Intelligencer, 3/9/2014

ST. CLAIRSVILLE - Whether it is a drilling rig alongside Interstate 70, the large Oil & Gas Safety Supply store on National Road or the convoy of sand trucks on many secondary roads, those driving through Belmont County are sure to notice an impact from the Utica Shale boom.

"The impact we are seeing is dramatic," Belmont County Commissioner Mark Thomas said. "Over the next five years, the impact will create economic changes that no one has ever seen here."

It's not just Belmont County that stands to benefit from the shale boom, as a new study conducted by Ohio University's Voinovich School of Leadership and Public Affairs polled 66 mayors and city managers, 16 county commissioners and 109 township trustees regarding how the shale industry is affecting their communities. The survey area included 17 counties, from as far north as Trumbull County to as far south as Washington County.

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Ohio’s oil, natural gas production in 2013 leap with Utica shale development

By Bob Downing - Beacon Journal staff writer, 3/6/2014

COLUMBUS: Oil production in Ohio nearly doubled from 2012 to 2013 and natural gas production grew in that time by nearly 2.5 times, according to new report.

The assessment came on Thursday from Peter MacKenzie of the 3,200-member Ohio Oil and Gas Association in a report released at his group’s 67th annual winter meeting.

Oil production in Ohio grew from 4.9 million barrels in 2012 to 9.7 million 42-gallon barrels in 2013, according to MacKenzie’s estimate.

Meanwhile, natural gas production climbed from about 83 billion cubic feet in 2012 to 203 billion cubic feet in 2013.

The new data in the DeBrosse Report “should get people’s attention,” MacKenzie told the audience. “They got my attention.”

There is growing evidence that Ohio really is “on the leading edge of a boom” in the Utica shale in eastern Ohio, he said.

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Gas and oil industry helps push expansion of runway at Cambridge Municipal Airport

By: Dan Davis, The Daily Jeffersonian Published, 2/28/2014

The Cambridge Municipal Airport is scheduled for a growth spurt.

Extension of the runway at the Brick Church Road facility is expected to culminate as early as 2016 when the pavement is laid, more than a quarter century after the project took flight ... but only if all the dominoes fall in the airport's favor.

"[Guernsey County Commissioner] Tom Laughman was part of our teleconference with the Federal Aviation Administration in 1991," said Airport Manager Terry Losego. "It's been going on for a long time."

That meeting set the wheels in motion, and momentum has gathered since, slowly at first then accelerating at a rapid pace as use of the airport soared.

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The information presented herein is for informational purposes only and should not be considered as legal or other professional advice. To determine how various topics may affect you individually, consult your attorney and/or other professional advisors. Southeastern Ohio Oil & Gas Association, its Board of Trustees, Officers, Members and/or Staff are not liable or responsible for any damage or loss resulting from the use of information in this publication or from inaccuracies contained herein.