Report: Ohio shale industry provides 351,000 jobs in Ohio
Monday, May 22, 2023
A report released last week by the American Petroleum Institute estimates that the shale industry provides roughly 351,000 jobs in Ohio.
Furthermore, oil and natural gas workers earn 65% more than the average worker, resulting in more than $25 billion in wages, according to the American Petroleum Institute.
The wide range of jobs the oil and gas industry supports in Ohio includes 71,160 direct industry jobs, 142,480 jobs in the service sector, 31,280 wholesale and retail jobs, 13,740 construction jobs, 27,510 transportation and warehousing jobs, 25,420 manufacturing jobs and 39,940 other jobs.
Learn more: American Petroleum Institute > Ohio’s Workforce and Economy: Powered by Natural Gas and Oil
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.