Truth be told, 2014 was a year of a thousand small stories in Ohio’s oil and gas world, the majority of which probably will never be told.Wells were drilled at an increasing pace in the southeastern portion of the state, and landowners who had fared well in the mineral rights game were raking in cash — as much as $1,000 per acre, per month, in some of the richest examples.
But there were several events and trends that made headlines and may be affecting the industry and the state’s economy in the years to come, some more obvious than others:
One of the chief dreams of economic developers watching the shale drilling boom from places like Columbus has been to somehow lasso the ethane industry and build a vertically integrated industry in Ohio.
Click here to read about more of the top energy stories of the past year.It would begin with the extraction of Ohio’s “wet gas” that is rich in ethane, include the separation of that ethane from the gas and the processing of it into polyethylene. And it would end with the production of plastic goods and other products that use these raw materials.
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