Report: Shale industry has invested over $100B into Ohio’s economy since 2011
Friday, May 19, 2023
A report released earlier this week by Cleveland State University researchers and JobsOhio put the total investment of the oil and natural gas industry into Ohio’s economy at more than $100 billion since the shale revolution began in 2011, according to Energy InDepth.
During the first half of 2022, the total investment in Ohio’s energy sector was approximately $2.8 billion, according to the report. It also showed steady investment growth between 2016 and 2022.
The continued investment in Ohio’s shale industry has helped create jobs and tax revenue within the state.
Learn more: Energy InDepth > New Report: Ohio Shale Industry Cumulative Investment Surpasses $100 Billion
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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.