Fed expert: Energy price rebound to spur investments in Utica shale play

Crain’s Cleveland Business reports that a new analysis by an expert with the Federal Reserve Bank of Cleveland says rebounding oil and natural gas prices “should soon translate to fresh investments in drilling and related job-creating projects” by energy companies in states such as Ohio. The newspaper says Cleveland Fed senior examiner John Shackelford analyzed the decline in energy prices that began in 2014, saying it led companies to find innovative ways to extract more oil and gas while spending less money. As prices rebound, Shackelford postulates companies that made those type of operational changes are "likely" to invest in drilling and take on new projects, according to Crain’s. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia