Economic Impact 58 - Marcellus Drilling News

Location for OH NGL Processing Plant Identified

May 14, 2012May 14, 2012

We now know the specific location of a previously announced $400 million shale gas collection and processing plant being built in Columbiana County, Ohio by a joint venture between Chesapeake Energy, M3 Midstream and EV Energy Partners.

Altoona Scores a New Pump Plant for the Marcellus

May 11, 2012May 11, 2012

Gardner Denver, a 150 year-old global manufacturer of industrial compressors, blowers, pumps, loading arms and fuel systems has a new manufacturing facility to add to the 40 it already owns around the world. The new 70,000 foot facility is located at Tipton, near Altoona, PA. The new plant will manufacture and repair pumps used in hydraulic fracturing in the Marcellus Shale. Gardner Denver expects to employ 100 people at the new plant within a year.

But why locate the plant in Altoona, where there’s very little nearby drilling?

Economic Impact | Industrywide Issues | Pennsylvania | Statewide PA

Penn State Report Shows PA Counties with Drilling Prosper

May 10, 2012May 10, 2012

Penn State Report An economic report released on March 30 by Penn State researchers (copy embedded below) shows that Pennsylvania counties where there is Marcellus Shale drilling do better economically—far better—than other counties.

Marcellus counties bring in more sales tax revenue, a sign that businesses and business owners and the people who have jobs at those businesses are prospering. The more drilling there is in a county, the better the county does economically. And that’s even before Act 13 Marcellus drilling impact fees are collected and distributed.

Industrial Complex near Columbiana, OH Gets Shale Makeover

May 9, 2012May 9, 2012

The former National Refractories complex just outside Columbiana, OH is getting a shale gas makeover. Owner Jerry Stoneburner says the 300,000 square foot facility that sits on 100 acres will become both a shale gas wastewater treatment center and a transfer point to load railroad cars with crude oil and condensate being produced in the Marcellus and Utica Shale.

The AP Calculates 2011 Shale Gas Revenue for PA & WV

May 7, 2012May 7, 2012

The Associated Press (AP) did an analysis of how much natural gas was produced in Pennsylvania and West Virginia during 2011 and have run some basic calculations based on an assumed average price (last year) of $3.50 per thousand BTUs (or mBtus). The results of those calculations should put to bed any claims that shale gas drilling does not have a profound economic impact that touches every resident in a shale gas producing state.

According to the AP analysis:

Belmont County | Economic Impact | Housing | Industrywide Issues | Ohio

RV Park for Shale Workers in OH Sees Strong Demand

May 7, 2012May 7, 2012

In an indication of things to come, pipeline construction firm Price Gregory has requested 50 RV spaces for its workers in a new RV/camper park located in Morristown, OH (Belmont County)—by June 1st!

Economic Impact | Industrywide Issues | Ohio | Statewide OH

Gov. Kasich: Shale Drilling is Good, but OH Needs Diversity

April 30, 2012April 30, 2012

Speaking at the Eastern Ohio Development Alliance’s annual meeting last Friday, Ohio Gov. John Kasich said that although he supports shale oil and gas drilling in the Marcellus and Utica Shales in his state, he doesn’t want to put all of Ohio’s economic eggs in one basket. He said the state needs to focus on more than just the energy sector to help elevate Ohio out of its current economic doldrums.

Economic Impact | Hydraulic Fracturing | Industrywide Issues

Canadian Company Buys Youngstown, OH Short Line RR

April 20, 2012April 20, 2012

One of the more interesting (and MDN believes underreported) stories about the economic renaissance occurring because of hydraulic fracturing in shale deposits is the revival of short line railroads. The latest case:

Economic Impact | Education | Industrywide Issues | Pennsylvania | Statewide PA

The Economic Impact of Marcellus Drilling on PA Schools

April 11, 2012April 11, 2012

Penn State Cooperative Extension and Penn State University researchers continue their research into how the Marcellus Shale gas drilling boom affects the state. Recently they issued findings from a survey of 940 school districts across PA (see this MDN story). Earlier this week, they issued another report in their Marcellus Education Fact Sheet series, titled: “Marcellus Shale Gas Development and Pennsylvania School Districts: What Are the Implications for School Expenditures and Tax Revenues?” (full report embedded below).

Commodity Price | Economic Impact | Industrywide Issues | Pennsylvania | Statewide PA

Low NatGas Prices Translate to Electricity Rate Cut by Peco

April 4, 2012April 4, 2012

Yet another Pennsylvania utility is lowering rates customers pay—this time it’s a rate cut for electricity by Peco Energy which supplies the Philadelphia area. Low cost natural gas is being used in electrical generating plants and the utility is passing along the lower cost to produce electricity to its customers, thanks in part to an abundant supply of Marcellus Shale natural gas.

Economic Impact | Industrywide Issues | Ohio | Statewide OH | Utica Shale

Ohio Petroleum Council Calls Utica/Marcellus “Game Changer”

April 3, 2012April 3, 2012

Terry Fleming, executive director of the Ohio Petroleum Council, recently visited the offices of The Daily Jeffersonian newspaper to talk about Utica and Marcellus drilling in the state. Among his comments were predictions about just how big the economic impact of shale drilling will become in Ohio over the next few years:

New Video: Women of the Marcellus

April 3, 2012April 3, 2012

MDN is really pleased to share a new video highlighting how Marcellus Shale development is impacting families in Pennsylvania. While many know about the economic impacts and consumer savings made possible by shale gas, this video highlights the personal stories of three families whose lives have been made materially better because of Marcellus Shale drilling in Pennsylvania.

Big Economic Impact of Midstream Projects in OH & PA

April 3, 2012April 3, 2012

A pair of stories about how the midstream is transforming western Pennsylvania and eastern Ohio recently ran in the Youngstown, OH The Business Journal. Midstream refers to the infrastructure that gets natural gas to market, including pipelines and processing plants. Right now and for the foreseeable future, spending on midstream projects in Ohio is likely larger, from an economic impact standpoint, than exploration and production.

Commodity Price | Economic Impact | Industrywide Issues | Pennsylvania | Statewide PA

Pittsburgh Customers Get Another NatGas Rate Reduction

April 2, 2012April 2, 2012

The Pittsburgh area’s three largest natural gas utilities have just dropped their natural gas rates (again) for customers—this time up to 22 percent.

Economic Impact | Industrywide Issues | Pennsylvania | Washington County

Washington County, PA – HQ for Marcellus Drilling

April 2, 2012April 2, 2012

Western Pennsylvania’s Washington County is, in many ways, the epicenter for Marcellus drilling activity. Numerous companies either have their headquarters or their main Marcellus branch offices located in the county, and the rate of expansion continues to be high:

Economic Impact | Industrywide Issues | Jobs | Luzerne County | Pennsylvania

Two PA Construction Companies Double in Size from Marcellus Work

March 29, 2012March 29, 2012

The Wilkes-Barre newspaper The Citizens’ Voice has an inspirational article in today’s edition about women working in jobs operating heavy equipment—not something you hear about often. As part of the story, we learn about the enormous impact Marcellus Shale drilling has had in the northeast Pennsylvania area on business in general, and on two construction-related businesses in particular: