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Ohio Utica Shale

FirstMerit, Ohio to benefit from Utica shale growth, investor says

By Jim Mackinnon Published: February 11, 2013

Investment web site Seeking Alpha is bullish on what the Utica shale means for Ohio's economy.

And Seeking Alpha says Akron bank and financial services firm FirstMerit Corp. stands to benefit from shale development. (The writer says regional banks such as FirstMerit are doing well now in the United States.)

Seeking Alpha writes in part: "First Merit (FMER), a regional Ohio based bank, benefits from this [Federal Reserve actions] every business day.

"Ohio has an added advantage. The new unconventional Utica oil and gas field is drawing a lot of development monies. Companies have spent and continue to spend huge amounts on leaseholds. These same companies are spending on goods and services to supply their drilling/development operations. The development companies are spending a considerable amount to live in Ohio. For instance, some are buying houses (and everything else). There is the economic multiplier effect. This includes such things as the extra grocery store employees needed to service all the new oil well workers."

Read the whole opinion piece here at the web site.



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Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

Shale Sheet Fracking, a Youngstown Vindicator blog.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.

Concerned Citizens of Medina County, a grass-roots group.

No Frack Ohio, a Columbus-based grass-roots group.

Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.