In other shale news, a new report from Bricker & Eckler LLP outlines more than $5.7 billion in new investments made in Ohio since spring 2015 as a result of shale development. "Since we began tracking shale development two years ago, growth has been consistently on the rise," partner and Oil & Gas Industry Group co-chair Matt Warnock said in a statement. "Not only do we continue to see new projects, but the level of investment continues to be significant - in the billions. Ohio continues to reap the benefits of active, ongoing, and new development in the energy sector." The 16-page report touches on several large scale investments, including:
- A potential $5.7 billion ethane cracker currently being explored for Belmont County.
- *$640 million invested in natural gas gathering and water services assets in Belmont and Monroe counties by Rice Midstream Holdings and Gulfport Energy Corp.
- An eastern Ohio pipeline from Marathon Oil and Price Gregory estimated to bring in $1 million in weekly payroll.
- A $1.75 billion pipeline effort in Ohio and two other states.
No comments:
Post a Comment