columbus, ohio, December 16, 2022 /PRNewswire/ — total investment in Ohio’s The resource-rich shale energy sector is approximately $2.5 billion In late 2021, according to Cleveland State University (CSU) Research. A new report prepared for JobsOhio covers shale investments. July 2021 finished December 2021The latest report finds investment across the sector to be nearly $100 billion in the state of Ohio Since 2011.
The study found that overall upstream investment declined in the second half of 2021 compared to the first half of the year. Midstream investment began to recover from the COVID-related downturn, while downstream investment saw large-scale installations.of $97.8 billion cumulative investment, $68.1 billion located upstream, $21.4 billion on the way, and $8.3 billion in the downstream industry.
JobsOhio President and CEO JP Nauseef said: “Ohio We have the resources, regulatory environment, talent and central location to continue evolving as an international player in shale-related productivity. ”
“Despite supply chain and other challenges in the second half of 2021, investment, particularly in drilling, continues unabated,” he said. Andrew R. Thomas, Director of the Energy Policy Center at the Maxine Goodman Levin College of Urban Affairs of CSU. “This ongoing investment is critical for affordable and reliable domestic energy and manufacturing, and more important than ever given current geopolitical challenges. Europe When Asia.”
upstream investment
Overall upstream investment decreased by about $78 million This reflects continued improvements in drilling cost efficiency. 86 new wells were drilled in the third and fourth quarters of 2021, an increase of 12 from the first and second quarters of the year, bringing the total gas-equivalent shale production in the second half of 2021 above the first half of 2021 . Jefferson County The number of new wells is the highest with 23, followed by Belmont, carol When Colombiana county.
midstream investment
of $74.3 million Spending on pickup lines and compaction in the second half of 2021 saw a 73% increase in the construction of pickup systems compared to the first half of the year, spurring a recovery in midstream investment after the pandemic-related recession.Additional $243 million Midstream investment on the rise November 2022.
downstream investment
In the second half of 2021, an investment in downstream installed major equipment for a combined heat and power (CHP) plant. of Ohio State University main campus. The 105.5 MW facility will $289.9 million investment. Natural gas-based power generation is $1.2 billion Future investment in Trumbull Energy Center with funding secured in late 2022.
This is CSU’s 12th survey and reports on investments resulting from oil and gas development in India. Ohio is connected with Utica When Point Pleasant formation.You can find the latest and previous reports here. For more information, Ohio’s Growing Energy Industry, Visit www.JobsOhio.com/energy.
About Jobs Ohio
Jobs Ohio It is a private, not-for-profit economic development corporation that aims to promote job creation and new capital investment. Ohio Through attracting, retaining and expanding business. The organization also works to sow talent production seeds and attract talent in targeted industries. Ohio but find your ohioJobsOhio works with six regional partners. Ohio: Dayton Development Coalition, Southeast Ohio, One Columbus, back to cincinnati, Regional Growth Partnership, When Team NEO. Click here for details www.jobsohio.com. Please follow us LinkedIn, twitterWhen Facebook.
About Maxine Goodman Levin College of Urban Affairs
of Maxine Goodman Levin College of Urban Affairs Cleveland State University It offers undergraduate, postgraduate and doctoral degrees in areas such as urban studies, public administration, urban planning, environmental studies, nonprofit management, and organizational leadership that lead and advance vibrant and sustainable communities. Levin is recognized as one of the best public relations schools in the country, according to US News & World Report. Levin holds a strong position in the non-profit management specialty, ranking him #3 in the United States for his specialty in urban planning and policy, and #7 for his specialty in local government management.
Founded in 1964, Cleveland State University is a public research institution with approximately 16,000 students, 10 colleges and schools, and over 175 academic programs. According to the National Science Foundation, CSU recently ranked number one in the nation for increasing research spending, and in 2019, US News & World Report named him one of America’s best universities.
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