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Thursday, May 7, 2015

Latest Shale Development Report Identifies $28 Billion in Investments for Ohio

From Bricker and Eckler:
Bricker & Eckler LLP today published the fourth edition of its "Shale Economic Development Overview - Spring 2015," a report detailing more than $28 billion in investments in Ohio as a direct result of shale development. This represents a 40 percent increase in the total investments since the Fall of 2014. 
“Despite recent fluctuations in oil prices, the number of shale projects in Ohio continues to grow,” said Matt Warnock, Bricker partner and co-chair of the firm’s Oil and Gas Industry Group. “Further—and somewhat surprising—we haven’t seen any significant slowdown in the number of high-dollar projects. All of this bodes well for Ohio, particularly the southeastern region of the state.” 
“The activity we have witnessed in the last six months has diverted from a focus on exploration and production to downstream infrastructure,” says Aaron Bruggeman, Bricker attorney based in the firm’s Barnesville office. “We continue to see an increase in the number of pipeline projects, particularly interstate lines, gathering facilities, compressor stations and related investments.”
View the report below.


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