Ohio’s natural-gas production rose in the first quarter of 2017, according to the state’s latest data release as summarized by the Columbus Dispatch. Energy companies reported producing 372 billion cubic feet of gas, which is up 13% from the first quarter of 2016. Most of the growth came from Belmont County. This only solidifies the county’s domination in the state, as it already has many of the state's best producing wells.
Other areas are showing signs of life, though. On June 3, The Review reported that Columbiana County Ohio had its first new gas well site in some time. Hilcorp Energy received a permit on May 30 to drill a well near Elkrun Township, and that is the first permit granted for the county since December 2015.
These signs of new growth come as a researcher from the Cleveland State University released a new report on the money that the shale-gas boom brought to the area between 2011 and 2016. The report looked at the entire value chain. It found that a total of $38.9 billion was invested in the “upstream” aspects of the industry, meaning on efforts to pull natural gas out of the ground. Ohio had a natural gas wells before the boom of course, but upstream investment has grown dramatically. On the other hand, before the boom Ohio had very few “midstream” assets, meaning natural gas processing and pipeline facilities. Shale brought $8.1 billion in investment in that sector. Finally, downstream investment like natural gas power plants have brought $3.4 billion to the state.
This boom in investment has benefitted most everybody. Exploration and production companies paid $1.7 billion in royalties to landowners, for example. Acquiring land also required an outlay of almost $19 billion. It is critical that companies spending that kind of money have the very best team in place to secure drilling rights at reasonable rates. You can call up Cimmaron Land to bring on some of the best land people in Ohio, Pennsylvania, and West Virginia.