Archived Story

Shale, gas industries will be vital to entire state

Published 9:09am Wednesday, January 9, 2013

If you still have any doubts that the shale oil and gas industry is making an economic impact on our region, we would direct you to a survey recently released by the U.S. Chamber of Commerce’s Institute for 21st Century Energy.

The numbers show that while the Utica and Marcellus shale industry supported nearly 39,000 jobs in Ohio during 2012, that number could grow to as many as 266,000 jobs by 2035. Even more important than the raw numbers, most of that growth is expected to occur in Eastern Ohio, from Monroe to Trumbull counties.

Looking at it from another angle, as the number of wells and processing facilities in Ohio increases, the industry’s contribution to the state’s economy is expected to grow as well. Last year, the industry directly contributed $4.1 billion into Ohio’s gross state product, a number that is projected to grow to more than $35 billion by 2035….

Workers for Halcon Resources began working this week on the first Trumbull County well that is expected to reach the Utica formation. The well is in Burghill.

BP, meanwhile, plans to drill 10 Trumbull wells by April.

All this could be the precursor to pipelines to midstream processing plants to downstream factories, all of will would provide a long-term boost to the local economy.

When you take a close look at the numbers in the survey, they support this anticipated boost.

Warren Tribune Chronicle

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  • mikehaney

    Good news for Ohio.

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  • Poor Richard

    All about money IT — now tell readers the impacts to fresh water aquifers, groundwater, and surface water. Lets not be so bias here and discuss the environmental impacts, the noise, the Ohio residents that have moved away because of these drilling companies. Tell the other side of the story IT, who is actually filling those jobs – the thousands of workers from Oklahoma and Texas of course. Don’t try and paint a rosy picture of a destructive industry.

    You know, there once was a mine in Libby Montana where the entire town of Libby made their living….check online and see what happened to that town and the greedy corporation that ran the mine. Things aren’t always what they seem and ‘jobs’ are not always the answer to a healthy and happy life, particularly those jobs involving the destruction of our land and water resources.

    You want to see the results of that destruction, take a drive on Route 52 to southern WV, a real third world country right here in the US, all thanks to the coal industry.

    (Report comment)

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