How Small Ohio Businesses Benefit Big from Utica Shale Drilling
One of the brightest of the bright spots in the Marcellus/Utica shale industry has been shale’s effect on local economies and jobs, as in more money and jobs flow to shale drilling counties. To counter all that good news left-leaning “media” outlets like the Pittsburgh Post-Gazette have run hit pieces, like this article in February: Report: Shale gas boom counties saw little growth in local jobs, income. Yet the reality is the opposite. The reality, as chronicled in a new article appearing in the Zanesville Times Recorder, is that shale energy has expanded both revenue and jobs for local businesses in regions with active shale drilling–including Muskingum County.
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The deed is done. On Saturday, the last day of the legislative session in 2021, the West Virginia Senate unanimously passed House Bill (HB) 2581 which changes how the State Tax Department values producing oil and gas wells for property tax purposes. As we told you last Thursday, the Senate version modified the bill from its original intent of allowing landowners to claim big deductions (see 
Last week in our “best of the rest” links we included a note that one of the co-founders of Antero Resources, Glen Warren, is retiring effective the end of this month. Warren is currently President and Chief Financial Officer of Antero Resources and President of Antero Midstream. What we didn’t know at the time, but has since come to light, is a major reshuffling in top management that will happen following his departure.
Cheniere Energy, the biggest LNG exporter operating in the U.S., published a “Climate Scenario Analysis Report” last week (full copy below). The report analyzes the long-term resilience of Cheniere’s business and the potential implications for LNG supply and demand in various future climate scenarios through 2040. Cheniere predicts LNG demand and exports to continue growing through 2040, but after that, LNG will decline due to continued global action to reduce so-called greenhouse gas emissions.
MARCELLUS/UTICA REGION: Pennsylvania town saved by fracking fears Biden will kill its prosperity; Indian Point is shutting down. That means more fossil fuel.; Plug Power and Brookfield Renewable move forward with green hydrogen plant in PA; NATIONAL: How Oxy’s new carbon venture could become a true game-changer; INTERNATIONAL: For Mexico’s president, the future isn’t renewable energy — it’s coal; Qatar could throw a wrench in America’s ambitious LNG plans.