Appalachian Ohio offers the cheapest natural gas in the Western Hemisphere. Although the opportunities are shifting, the natural gas and natural gas liquids production by the region’s wells continue to break records and excite industry leaders who understand the enormous potential of Ohio’s shale play.
Ohio’s Strategic Advantages
Companies can profit from Ohio’s position atop and next to 35 percent of America’s known natural gas reserves in the Marcellus and Utica shales
Unlike the dry gas in Pennsylvania, much of Ohio’s Utica Shale is full of valuable Natural Gas Liquids (NGLs), such as ethane, propane and butane
Ohio is near to end-use markets being within 600 miles of 60 percent of North American manufacturing capacity and over 50% of the U.S. population.
Abundant and affordable hydrocarbons are just one of Ohio’s advantages. Ernst & Young found Ohio had the third lowest tax on new capital investment of any state in the nation as well as:
- No tax on machinery and equipment investments.
- No inventory tax
- No corporate income tax
- No tax on products sold outside of Ohio
- No tax on gross receipts under $1 million
- No tax on R&D investment