Tuscarawas County Sees Bright Future Thanks To Shale Development

By -
When preparing for the increased demands and economic benefits due to Utica Shale development, TuscarawasCounty is ahead of the curve.  This is thanks in part to a chance meeting that Harry Eadon, President and Executive Director of the Economic Development and Finance Alliance of Tuscarawas County, had with an oil and gas supplier in the middle of 2011.  Since then, Tuscarawas County has been busy planning meetings and working with the Eastern Ohio Development Alliance (EODA) to prepare for the positive changes Utica Shale development has had and will continue to have on the region.
When Utica Shale development was still in its infancy, Harry Eadon was visited by a gentleman who was with an oil and gas supplier.  During their breakfast many topics were broached, including locating the best places to acquire goods and services in Tuscarawas County.  The conversation turned to what Tuscarawas County will look like in the next 5-10 years.  The gentleman told Mr. Eadon that the area would be a much busier area, with restaurants on waits instead of half full.
Due to his role with the Economic Development and Finance Alliance of Tuscarawas County, and recognizing the increased activity in the Utica Shale in surrounding counties, Mr. Eadon saw this as a call to action.  The Economic Development and Finance Alliance of Tuscarawas County developed an app for companies looking to purchase goods and services in the county calledPOGO (Potential Oil and Gas Opportunities) and started an oil and gas committee.
Looking for a catchier name, the oil and gas committee quickly morphed into the Tuscarawas Oil and Gas Alliance — or TOGA — in early 2012 and gained a dynamic Co-Chair, Mike Lauber, President of Tusco Display.  From there, TOGA planned its first event in early June.  The purpose of the event was to learn about the industry from individuals like Rhonda Reda of the Ohio Oil and Gas Energy Education Program and Dr. Bob Chase, Chair of the Petroleum Engineering Department at Marietta College, as well as commissioners from Pennsylvania and other economic development professionals.
“TOGA, what we call our oil and gas alliance, was created primarily because of an effort to try to make this region the most attractive region for oil and gas businesses to settle here.  Since we created TOGA we’ve seen almost 50 businesses or actually 50 businesses settle here in TuscarawasCounty.  All of them oil and gas businesses or oil and gas related businesses.”- Harry Eadon, President and Executive Director of the Economic Development and Finance Alliance of TuscarawasCounty and Co-Chair of TOGA
Since the June 2012 event, TOGA has remained an active partner with EODA to develop a real estate inventory list of available commercial properties for oil and gas related businesses to locate in the 16 county eastern Ohio region.  EODA has listed the properties on their website and held events in Pittsburgh, Columbus and outside of Cleveland for commercial realtors.
“We’re really quite excited about the opportunity to continue those efforts and looking at it from several different perspectives, from the real estate perspective, from educational perspective, from quality of life/tourism, from the business perspective.  How do our incumbent businesses cooperate or collaborate with the new businesses coming in.  So we’re really excited with the opportunity to continue doing that.  We have have an event coming up on January 31st, 2014 at the KentState, Tuscarawas Campus.  That event is dubbed Utica 2020”- Harry Eadon, President and Executive Director of the Economic Development and Finance Alliance of Tuscarawas County and Co-Chair of TOGA
UTICA 2020 will be held this Friday as a way to look even further into the future about benefitting from the growth occurring from Utica Shale development. The event is focused on the counties in eastern Ohio and will offer a different outward looking perspective.
The fast paced presentations, resembling the popular “TED Talks,” will focus not only on development of oil and gas, but on midstream and downstream industries that will be locating in the region.
The intent of UTICA 2020 is to create an educated public to spur innovation.  With over 300 attendees expected to participate, the stage is set for another successful event.
The hard work of TOGA and the Economic Development and Finance Alliance of Tuscarawas County is paying off.  Since that breakfast meeting in 2011, Tuscarawas has courted 50 new businesses related to the oil and gas industry, including Schlumberger, who will be creating 200 jobs, and Kinder Morgan / MarkWest, which is planning to build a natural gas processing facility in the county.
It is always great to see the progress that can be made when a county and region is welcoming to an industry.  By planning for the future in order to capture as much economic benefit as possible, TOGA and EODA are making the best out the enormous opportunities provided by Utica Shale development.
Written by Shawn Bennett for Energy in Depth.  Reprinted with permission.  View original article here: http://energyindepth.org/ohio/tuscarawas-county-bright-future-shale-development/

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

By -
Image
From Energy in Depth: There is something very strange going on along Carter Road, in Dimock, Pennsylvania, and I’m not speaking of natural gas, methane migration, contamination, litigation or even the extensive water testing there by the EPA and others.  No, I’m talking about a new “Watergate” conspiracy, complete with 18 minutes of missing tape (well, video, actually). It seems the ever-present Green Party member and  naturist   Vera Scroggins  (a/k/a  Vera Duerga ) has posted a video of Craig Sautner meeting with the EPA.  Mysteriously, the video is but 14 seconds in length, cutting off conversation in what is obviously mid-stream.  It raises a question Craig Sautner, like  Ronald Reagan in Kings Row , might have asked, “Where’s the rest of me?’  Carter Road, isn’t Kings Row, of course, (at least not until you arrive at  the mansion Scott Ely, one of the Dimock litigants, is building with his royalty money ), but there appears to be a whole lot of film editing going on there to fi
Read more

The Second Largest Oil and Gas Merger - Cabot and Cimarex

By -
Image
       Due to investor pressure, the U.S shale drillers are being pushed to improve financial and operational performance after a few years of poor returns. Even though the industry has improved its numbers, when compared to last year, investors still want more to be done for them to earn more money.      That's why two mid-tier shale drillers, Cabot and Climarex, have decided to merge in order to eliminate $100 million in annual costs, which means more money for the investors. This all-stock transaction is valued at about $7.4 billion, which is relatively high for the oil and gas sector.      The new entity will be renamed and the headquarters located in Houston, Texas. Cabot shareholders will own 49.5 percent of the new entity, and Climarex the rest.       The Cimarex-Cabot merger will address the investor's demand for a higher amount of returning cash. The initial plan is to pay a 50-cent-per-share special dividend on closing the deal while offering a quarterly variable div
Read more

Is a Strong Oil Demand Expected This Year?

By -
Image
  According to the world's largest oil traders, global oil demand is set for a rebound. Between now and the end of 2022, global consumption is expected to increase by up to 8 million barrels each day. Vitol Group, the world's largest oil trader, supports this statement.  In an interview with Bloomberg, Vitol's chief executive Russell Hardy said, "We'll need all eight cylinders to get through 2022". This, of course, is due to the lower than average demand for oil at the moment. Reopening economies and Asian markets will create a strong demand rebound by the end of this year and in 2022.  Although the demand for jet fuel will slowly increase, it will still be below average at the end of the year. Nevertheless, a surge in petrochemicals will offset the expected delay in jet fuel demand. Last year, the oil surplus reached a record of 1 billion barrels. This excess is already more than halfway drained, and experts believe it will be depleted by the third quarter th
Read more