Report: Cumulative oil and gas investment totals $86.4B in Ohio
Tuesday, January 12, 2021
Cleveland State University researchers recently released a report on shale-related investment in Ohio that found cumulative oil and gas investment through December of 2019 is around $86.4 billion, according to The Heartland Institute.
The researchers also found a $9 billion increase in investment in Ohio’s shale sector from 2018 to the fourth quarter of 2019. From July through December 2019, total investment was approximately $3.06 billion.
Of the total $86.4 billion invested, $60.0 billion was in upstream, $20.2 billion in midstream and $6.2 billion in downstream industries.
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What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
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Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.