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Statistics/Studies
Ohio's rich natural gas and crude oil reserves
provide many opportunities to help the state's
economy
grow and prosper.
- The industry's 4,490
direct jobs and another 12,950 indirect jobs
support a total of 17,440 Ohio jobs.
- The industry is
responsible for $793 million per year in
Ohio salaries.
- Ohio keeps $793 million
per year in the state when buying locally
produced natural gas and crude oil.
- Ohio consumers save $30
million per year in avoided interstate
pipeline transportation costs, and another
$9.2 million per year due to the price
reducing impact of local natural gas
supplies.
- The industry reinvests
$238 million annually on exploration and
development.
- The industry pays over
$32.7 million annually in local, state and
federal taxes.
- The industry generates
approximately $988 million in gross state
product and a statewide output or sales of
$1.7 billion per year.
- The industry paid over
$90 million in royalties and provided
another $61 million in free gas last year to
local landowners (mineral interest owners)
including farmers, businesses, schools,
churches and local governments with wells on
their property.
Ohio's a national
energy leader
in natural gas and crude oil production.
-
 Ohio is ranked fourth in the total number
of wells drilled. Ohio has drilled over
273,000 wells to date, followed only by
Texas, Oklahoma and Pennsylvania.
- Ohio drilled 431 new wells in 2010.
- Ohio produced 4.8 million barrels of
crude oil in 2010. Today, crude oil is refined
into more than 6,000 everyday products including
medicines, personal care products, plastics,
synthetics and fuel.
- Ohio produced 78 billion cubic feet
of natural gas in 2010, creating enough
energy to heat over 1 million Ohio homes
and businesses. Nearly 7 out of every
10 homes are heated with natural gas.
- Almost 100% of the Ohio natural gas
produced remains in the state.
Ohio's natural gas and crude oil production
has one of the smallest
environmental surface
footprints of any energy source.
Ohio's industry is continuing
to create energy, economic and
lifestyle benefits
---yesterday, today and into the future.
Ohio's natural gas and crude oil producers are
truly Ohio's most dependable energy farmers.
They choose to participate in a high risk business,
and they are accustomed to working long hours
and operating under adverse weather conditions.
Innovations, perseverance, and hard work are
key to survival in an industry built on a variety
of uncertain conditions geological, economical
and operational. Through an ongoing commitment
of Ohio's natural gas and crude oil producers,
the domestic industry remains strong.
Ohio's supply of natural energy resources is
indeed significant. As the states supply adds
to the national supply, our resources are helping
keep prices in balance, while also helping us
be more independent from foreign energy supplies.
Download Related Documents:
State
Review of Natural Gas and Oil Regulations, Inc.'s
(STRONGER)
2011 Ohio Hydraulic Fracturing
State Review
2010 Ohio Department of Natural Resources, Division
of Mineral Resources Management's Summary of Ohio
Oil and Gas Activities
Ohio's Natural Gas and Crude Oil
Industry Fact Sheets:
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