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Monday, January 13, 2014

Ohio's Shale Story Remains the Same: Sales Tax Climbing, Employment Relatively Flat

From the Daily Jeffersonian:
Shale oil drilling is increasingly focusing on eight counties in eastern Ohio, and those areas are seeing some of the biggest gains in sales tax receipts.
But those same counties aren't seeing substantial increases in their work force levels yet, as the industry awaits further exploration and infrastructure to accommodate oil and gas being produced via horizontal hydraulic fracturing.
Those are some of the conclusions reached in the latest "Ohio Utica Shale Gas Monitor," a new study released today by the Maxine Goodman Levin College of Urban Affairs at Cleveland State University.
The report reviewed sales tax receipts, employment statistics, well permits and other data to determine the impact of horizontal hydraulic fracturing in eastern Ohio.
"We're still another year, 18 months out" from bigger economic impacts, said Ned Hill, dean of the college and one of the authors of the report.
You can read the whole article here. 

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