Bricker and Eckler, an Ohio based law firm, has released their spring 2014 Shale Economic Development Overview. The report found there are over 100 shale related projects taking place in Ohio creating billions of dollars in investment outside of the wells being developed by the oil and gas companies. While many of the projects take place in eastern Ohio, the report found significant oil and gas induced investments are taking place across 25 counties in Ohio.
To date, Bricker and Eckler has estimated over $18 billion in investment has been constructed or announced in Ohio. The amount of investment for the remaining 40% of the projects remains unknown at this time, but is expected to be in the millions.
There are currently 8 total projects taking place in Ohio that have invested over a billion dollars in the region. The majority of these projects are within the midstream sector of the oil and gas industry to process and transport the liquids rich natural gas coming out of the Utica.
Read more: http://www.northcentralpa.com/feeditem/2014-04-01_over-100-utica-shale-related-projects-taking-place-ohio-worth-over-18-billion