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Wednesday, January 29, 2014

Ohio Company Benefits in a Big Way From Utica Shale

From the Columbus Dispatch:
The Utica shale boom hasn’t brought drilling rigs to this eastern Ohio town, but it has transformed one local company.
Producers Service Corp. used to make its money selling low-volume fracking services to companies that drilled conventional oil and gas wells. Inspired by the large-scale fracking demands of horizontal shale drilling, the 32-year-old company has acquired new equipment and more than doubled its work force, from 40 to 100 employees.
“We’re the only fracking company that’s home-grown in Ohio,” said Dan Pottmeyer, the company’s president. “And our … income has certainly more than doubled.”
Pottmeyer declined to share revenue figures.
Shale drillers typically hire fracking crews from multinational businesses, including Halliburton and Schlumberger. Producers Service now sends two 30-man fracking teams to well sites in Ohio and West Virginia to pump the millions of gallons of water, sand and chemicals needed to shatter the shale to free oil and gas.
Read the entire article by clicking here. 

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