We Hear Much About Oil & Gas in Texas and Pennsylvania. What’s up in Ohio?
August 1, 2017
While Texas and Pennsylvania are readily identified with the U. S. Energy sector’s resurgence, few seem aware of the presence Ohio has quickly established. At least this is the case in Pittsburgh, only an hour’s drive from the handful of counties in rural eastern Ohio where the story is taking place. Why should you care? Because the general investor skepticism stemming from the late 2014 oil and gas price collapse could be misplaced when applied to Ohio. From essentially no position as recently as 2013, Ohio’s natural gas production has grown each year to now represent 5% of total U.S. output. In 2106, Ohio surpassed West Virginia as the second-largest producer in the tristate area (PA, OH, WV).
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