Wednesday, June 27, 2012

Oil & Gas Boom in Ohio? Crain's says yes

Ohio will experience a bit of an oil & gas boom as companies with leases in the the Utica Shale tap that formation.

Ohio's oil and natural gas producers could distribute more than $1.6 billion in royalty payments to landowners, schools, businesses and communities, based on the estimate of 2,837 new Utica wells drilled and completed between 2011 and 2015. This could exceed the total amount of royalties paid for all geological formations between 2000 and 2010.
Link to article

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1 comment:

Redspect said...

"We support public administration and local governments in driving profitable projects and working with our private partners."