With Over $70 Billion in Energy Investments, Ohio is a Leader in the Energy Industry
When you want to be a national leader in energy, you go to a place that leads the nation - that’s Ohio.
- Take advantage of a rapidly growing energy industry that has attracted $64 billion in investments along the entire value chain, like upstream and midstream expansions that have resulted in downstream accessibility to instate feedstock.
- Benefit from an efficient start-to-finish construction process, thanks to state law that requires the Ohio EPA to issue permits within 180 days and a highly trained construction workforce known for completing projects swiftly, within budget and with minimal lost time.
- Prosper in a vibrant market consisting of multimodal transportation capabilities throughout the state that provide national and global access; a growing business population seeking low-cost energy; and a deregulated power market offering unique and customized plans as well as a robust electrical grid.
Ohio: An Energy Powerhouse
There’s a tri-state region in the U.S. that not even the Gulf Coast can compete with for valuable energy, and Ohio’s part of it. Ohio sits on the Utica and Marcellus shale formations, which produce natural gas, natural gas liquids and crude oils. These shale plays attracted $70 billion in investment along the energy supply chain, receiving recognition from experts in the U.S. and around the world. Outside of the energy industry, companies are benefiting from both a lower energy cost and a thriving economy.
Ohio’s natural gas industry has been the biggest driver of energy growth in the United States for the last four years, largely due to the Utica and Marcellus shale deposits in eastern Ohio. Cleveland State University’s Maxine Goodman Levin College of Urban Affairs put together the Shale Investment Dashboard in Ohio. This information documents the growing impact of Ohio in the national natural gas industry.
The Future for Natural Gas Production is in Ohio
Ohio’s Appalachian Region currently produces 30 percent of the country’s natural gas supply, a growth of 900 percent since 2010.
In this video, Wally Kandel, founder of Shale Crescent USA, shares with Bloomberg how, thanks to the Utica and Marcellus shale formations, the Shale Crescent will supply 37 percent of U.S. natural gas by 2040. Learn more about why major energy and petrochemical companies are investing in Ohio.