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April 17, 2017, 07:41:44 AM

Ohio Forms Agreement with West Virginia and Pennsylvania to Maximize Growth in Shale Gas Industry

October 13, 2015 - 8:40 PM

COLUMBUS – In an effort to maximize growth in the shale gas region, Ohio entered into a three-year agreement today with West Virginia and Pennsylvania to collaborate on areas critical to the success of the growing industry.  The agreement was signed at the Tri-State Shale Summit in Morgantown, West Virginia.

“The issues and opportunities facing our growing oil and gas industry do not recognize state lines, making it essential that we work together to help ensure the continued growth we expect to see,” said Ohio Lt. Governor Mary Taylor who represented the state and signed the agreement. “We are seeing tremendous and continued growth in this industry and we know that can be strengthened by partnering on key areas.”

As part of the new agreement, the three neighboring states within the Appalachian Basin will discuss ways to cooperate in marketing efforts to attract new businesses, strengthen workforce development programs, spur investments in expanding infrastructure and delivery of natural gas and liquids, and encourage its academic institutions to expand and collaborate on research.

Ohio’s horizontal shale wells recently produced a record 10 million barrels of oil and 405 billion cubic feet of natural gas in the first half of this year. Production continues to rise as oil increased by more than 5.6 million barrels and gas by 250 billion cubic feet compared to the first half of 2014 – a 126 and 160 percent increase, respectively.

A copy of the agreement can be viewed here.

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