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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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.