Ohio’s shale industry generated $78B in investment over the past decade

The Utica and Marcellus shale formations “account for more than 85 percent of U.S. shale gas production growth since 2011,” and a recent JobsOhio report finds proximity to them in eastern Ohio “is the greatest contributing factor to the tens of billions” of investment dollars plugged into the state’s economy during the past decade, according to an Akron Legal News editorial. The JobsOhio report, a byproduct of a Cleveland State University study, covers investment through 2018 and finds total investment in Ohio’s shale energy sector “has reached $78 billion since tracking began in 2011,” according to the article. Energy officials “expect an uptick in midstream and downstream investment for the near-term given the billions of dollars in projects” in late planning stages or that have broken ground as of 2019. For more, read the full article.

Ohio