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JobsOhio Cites Energy Policy Center’s Shale Investment Report

JobsOhio Cites Energy Policy Center’s Shale Investment Report, Noting Ohio’s Growing Shale Energy Industry Attracted Significant Investment in 2022

An article by JobsOhio shares:

Total investment in Ohio’s resource-rich shale energy sector was approximately $2.8 billion in the first half of 2022, according to a study by the Energy Policy Center at the Levin College of Public Affairs and Education. Prepared for JobsOhio, the latest report covers shale investment from January through June 2022 and cumulates total investment from 2011 forward. The study revealed that, with previous investments to date, cumulative oil and gas investment in Ohio through June 2022 is estimated to be $100.6 billion. Of this, $70.8 billion has been in upstream, $21.5 billion in midstream, and $8.3 billion in downstream industries.

The study showed that cumulative shale investment steadily rose between 2016 and 2022, particularly with upstream investments. Overall upstream investments increased by about $628 million in the first half of 2022 compared to the second half of 2021, reflecting higher royalty earnings due to higher oil and gas prices and new well development. Indirect downstream investment, such as the development of new manufacturing due to lower energy costs, was not investigated as part of this study.

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