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Wednesday, October 17, 2018

Past, Present and Future of Shale Activity in Ohio All Part of Event at Belmont College

From The Times Leader:
Future job creation and a large investment in the economy are expected to stem from the natural gas boom in Eastern Ohio.

That was part of the message shared Thursday when more than 100 people gathered at Belmont College to learn about the status of the Utica Shale play in Ohio. The St. Clairsville Area Chamber of Commerce worked with the Columbus-based Ohio Oil and Gas Association to coordinate the event, which also featured speakers from the Ohio Gas Association and the American Petroleum Institute — Ohio, Ascent Resources and EQT Corp. Those industry insiders addressed a large crowd in the newly renovated Horizon Hall in a Lunch and Learn format. 
Mike Chadsey, public relations director for OOGA, educated the audience on the history of oil and gas development in the Buckeye State. While the first successful drilling operation got underway in Pennsylvania in the mid-19th century, Chadsey said oil was first discovered in Ohio in 1814 in Noble County near present-day Caldwell. He added that during the “Rockefeller days,”referring to Standard Oil founder John D. Rockefeller, Ohio was the world’s largest crude oil producer. 
Today, natural gas is being pumped from wells in the same region where the first oil strike occurred, with nearly 3,000 wells permitted across the state. He provided the following figures regarding the number of permitted wells in local counties: 
∫ Belmont — 585 wells
∫ Harrison — 423 wells
∫ Monroe — 413
∫ Jefferson — 194
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