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Oil production in a region of Ohio better known for natural gas is surging, making the state one of the nation's largest oil producers. Ohio hits gusher as oil production surges to new highs Skip ...
The company is eligible for Ohio's data center tax exemption worth an estimated to $5.4 million. On its website , Cyrus One says its total investment in New Albany could reach $1.7 billion, with ...
In 1883, Ohio ranked fifth among oil-producing states, behind Pennsylvania, West Virginia, New York, and California; its total production of 47,000 barrels of oil that year was less than one percent of the nation's oil output. But Ohio production climbed rapidly, and in 1895 Ohio became America's leading oil-producing state.
An Ohio commission awarded bids to frack oil and gas under state parks Monday, despite statewide backlash and an ongoing investigation into possibly fraudulent support. The Ohio Oil and Gas Land ...
Ohio was a world leader in oil production in the late 19th and early 20th centuries. The Ohio oil and natural gas industries employ 14,400 citizens, resulting in $730 million in wages. The industries paid $202 million in royalties to landowners, and $84 million in free energy. [7]
The economy of Ohio nominally would be the 20th largest global economy (behind Turkey and ahead of Switzerland) according to The World Bank as of 2022. [8] The state had a GDP of $822.67 billion in 2022, which is 3.23% of the United States total, [9] ranking 7th in the nation behind Pennsylvania and ahead of Georgia. [10]
In 2021, the state said it documented 20,000 orphan wells in a report to the Interior Department. The Wayne National Forest is home to at least 200 abandoned oil and gas wells in southeast Ohio ...
Utica Shale drilling and production began in Ohio in 2011. Ohio as of 2013 is becoming a major natural gas and oil producer from the Utica Shale in the eastern part of the state. [10] Map of Ohio Utica Shale drilling permits and activity by date. [11] [12] In 2011 drilling and permits for drilling in the Utica Shale in Ohio reached record highs ...