Long known for its abundant coal resources and as one of America’s largest exporters of electric power, Appalachian Ohio is further diversifying its energy industry, offering numerous business opportunities for both producers and industrial consumers.
Recent technical advances allowing cost-effective recovery of massive reserves of natural gas, natural gas liquids and oil from the region’s Utica and Marcellus Shale formations have led to billions of dollars of investment in drilling, collection and processing facilities in the region. Industry experts predict 10-20 years of intensive drilling activity followed by 40-50 years of extraction from these highly productive energy deposits.
The region is also home to ethanol, solar, wind and hydro-energy production facilities, to manufacturers building equipment for these industries and to a host of supporting industries and services. The region also hosts the world’s most advanced uranium enrichment facility. With the diversity and abundance of the region’s energy supplies, and the producers and supporting industries bringing them to market, it is truly an exciting time for the region’s energy industry!