Study: Ohio’s shale investment attracts over $74B in investment since 2011
Tuesday, April 23, 2019
Ohio’s continuously-growing shale energy industry has attracted $74 billion in investments since 2011, according to a study done by Cleveland State University.
The study was prepared for JobsOhio and represents the most recent data available, including investments made through the first half of 2018. It showed drilling activity slowed but remained significant in Ohio from January to June 2018.
During the first half of 2018, the study showed investment in Ohio’s upstream, midstream and downstream energy ecosystem totaled $4.6 billion, with upstream activities, such as drilling or royalties, accounting for more than $3.4 billion of this total.
Learn more: Finger Lake Times > Ohio’s growing shale energy industry has attracted over $74 billion in investment since 2011
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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.
Will I get free natural gas if I allow fracking on my property?
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.