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Ohio Utica Shale

Ohio slips in oil-gas investment outlook, survey says

By Bob Downing Published: July 2, 2012

Ohio was No. 2 in oil-gas investment opportunities in a survey done last year by the Canada-based Fraser Institute.

It slipped to 14th this year due to tighter drilling rules and the likelihood of new severance taxes that are being pushed by Gov. John Kasich.

Ohio is ranked 14th in this year’s Global Petroelum Survey of 147 states and countries by the Fraser Institute, a free-market think tank in Calgary, Canada.

Here is what one of the survey respondents said about Ohio: “Increased (state and federal) regulations within the past year to year-and-a-half have made it much more difficult to do business in the oil and gas industry in our jurisdiction. In addition to these new regulations, Ohio’s governor is proposing a drastic increase in the severance tax rate (on oil and gas). The tax increase is based on an emerging Utica shale play that has yet to be proven economic.”

The survey says Ohio's proposed tax increase and new regulations make investment in Ohio “much less desirable” for investment.

The Fraser Institute said its survey shows Ohio and several other states that scored slightly worse in this year’s survey still are viewed as places with potential for oil and gas investment.

Only Utah, California, Alaska and New York received “would not pursue investment” responses.

Oklahoma led the global survey as the best place for oil and gas investments.

Outside the United States, only Manitoba, Canada, the Netherlands and Denmark were in the global top 10.

 

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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.