Skip to content

REPORT: NATURAL GAS AND OIL INDUSTRY INVESTED NEARLY $2.3 BILLION IN OHIO IN FIRST HALF OF 2021

REPORT: NATURAL GAS AND OIL INDUSTRY INVESTED NEARLY $2.3 BILLION IN OHIO IN FIRST HALF OF 2021

The study, titled “Shale Investment Dashboard in Ohio Q1 and Q2 2021,” is the 11th overall issued by JobsOhio in partnership with Cleveland State University. Cumulatively, oil and gas investment in Ohio through June 2021 is estimated to be around $95.3 billion.

“As this report indicates, Ohio’s natural gas and oil industry continues to invest billions of dollars each year into our state’s economy thanks to shale development,” said Rob Brundrett, President of the Ohio Oil & Gas Association. “OOGA members are proud of not only providing abundant, reliable and affordable energy for families all across Ohio, but also of the significant investments we make in the communities in which they operate.”

Like previous editions, the report breaks down investments in the upstream, midstream and downstream sectors, as well as by production by operator and by county. Upstream activities accounted for the bulk of the investment, including more than $1 billion in royalty payments to Ohio landowners.

Powered By GrowthZone
Scroll To Top