Mouse Over to Stop Rotation & Read Ad

Wednesday, October 23, 2013

Shale Boom Just Getting Going in Columbiana County

From The Salem News:
Some local and state officials updated residents on where the shale fracking natural gas industry currently stands in our county during an informational meeting held at the Crestview Performing Arts Center this past week.
"We're just really getting started with this in Columbiana County," said County Commissioner Timothy Weigle, when asked. "We've talked to our friends in Carroll County (which has more than 10 times the number of wells producing gas as there are here). They are a couple million ahead in tax revenue."
Here, commissioners are only seeing a slight tax increase at this point, but it is believed the industry will continue to grow for the foreseeable future.
According to statistics Weigle presented, there have been 86 well permits issued in this county since 2010 and 74 wells have been drilled. Eight of the wells are currently producing, and two wells have been plugged. There are also 90 Road Use Maintenance Agreements (RUMA) here in the county, which have meant $20 million in infrastructure upgrades mostly to local roads.
Read the whole article here. 

Connect with us on Facebook and Twitter!

No comments :

Post a Comment

Follow by Email