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Story courtesy of Bruce Tague, Executive Director of the Ohio Natural Energy Institute
WARREN COUNTY, OH -- Ohio’s natural gas and oil industries have continued to drive economic development in the Buckeye State. This means a flourishing job market and economy, funding for community infrastructure, and energy reliability.
Cleveland State University found that total upstream investments were up $615 million in the second half of 2024 when compared to the first half. These numbers reflect the continued growth of drilling activity, especially for oil-producing wells.
Ohio’s shale-energy ‘drew’ in approximately $3.5 billion in fresh capital between July and December 2024. These investment numbers are not new. Since 2011, cumulative natural gas and oil related investment has surpassed $114.6 billion.
In our rapidly changing energy landscape, where global demand is consistently on the rise, Ohio is uniquely positioned to maintain an abundance of natural resources that not only ensure energy reliability, but also economic growth and prosperity.
Like the saying “"what's good for the goose is good for the gander,” the revenues from natural gas and oil have a direct and positive impact on all Ohioans that is unparalleled.
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