Energy & Petrochemicals
Eastern Ohio sits atop of the Utica Shale and adjacent to the Marcellus Shale formations, which together now account for 43% of U.S. shale gas production. These abundant hydrocarbons combined with Ohio’s transparent, equitable and streamlined regulatory environment have yielded over $90 billion in upstream, midstream and downstream investment in the shale energy and petrochemical sectors since 2011.
Due to shale gas growth in recent years, the OhioSE region has over 3,350 permitted wells with 2,600 drilled and 2,500 producing.
Fast Facts
#1
Ohio is #1 in production of engines
#2
Ohio is #2 in transmission products
#2
Ohio is #2 in car production
#1
Ohio is #1 supplier state to Boeing and Airbus
Below
Taxes, wage rates, and utility costs below national and regional averages
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“A petrochemical facility in the Shale Crescent USA (Utica & Marcellus shale regions) generates a net present value four times higher than the Gulf Coast.”
Jerry James / Artex Oil Company
Leading Energy & Petrochemical Companies in the Ohio SE Region
Energy & Petrochemical Stats
Eastern Ohio sits atop of the Utica Shale and Marcellus Shale formations, which together now account for 43% of U.S. shale gas production. These abundant hydrocarbons combined with Ohio’s transparent, equitable and streamlined regulatory environment have yielded over $90 billion in upstream, midstream and downstream investment in the shale energy and petrochemical sectors since 2011.
Download the Industry Spec Sheet364
Businesses
8,007
Industry workers
106%
More jobs in the Energy & Petrochemical Industry than the national average
1,620
Annual degrees completed in relevant industry fields
Key Regional Assets
Ohio has nine foreign trade zones and is the only state in the Midwest with direct shipping routes to Europe for both container and heavy goods. Our taxes, wage rates, and utility costs are below national and regional averages. Ohio taxes are some of the most favorable in the USA for manufacturing or any business selling goods and services outside of Ohio. In 2021, the Tax Foundation ranked Ohio 4th most favorable for capital-intensive manufacturers for mature firms and 3rd for capital-intensive manufacturing for new firms.
Why Ohio Southeast
Southeast Ohio is over top of Utica Shale and next door to Marcellus Shale
We have an abundance of raw materials far below Gulf of Mexico prices
Ohio was ranked 5th Best Regulatory Environment by Forbes Magazine
There are 3,350 permitted horizontal Utica Shale wells in Eastern Ohio
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