Gas and oil production are accelerating and are expected to continue on that arc.
And anyone looking for evidence that a lot of this production will leave the state rather than fuel an Ohio chemical industry renaissance — as elected officials have hoped — also learned that the odds are against that renaissance, at least for now.
Paul Weissgarber, a senior vice president at Texas-based Crosstex Energy’s Ohio River Valley operations, bluntly told a crowd attending a panel discussion that his company was planning to move the most valuable gases, known as natural gas liquids, out of state to ethane crackers and other processors in Louisiana, where the industry is planning a huge expansion.
Part of the company’s reasoning is that there is a lot of gas and oil infrastructure already there, said Weissgarber. And part of it is that the public and the state like it.
Read more: http://www.cleveland.com/business/index.ssf/2014/03/shale_gas_production_soaring_b.html