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Oil and Gas in Cleveland Plus
The Cleveland Plus region is ideally situated near large oil and gas deposits in the Marcellus and Utica Point Pleasant Shale formations. The proximity to lucrative natural gas liquids (NGLs) in these formations, coupled with the strength of the region’s supply chain and outstanding access to customers, makes Ohio — particularly Northeast Ohio — an ideal location for growth-oriented oil-and-gas-related businesses.
As a state, Ohio produces more than 4.2 billion cubic feet of natural gas per day, which is 7 times the output produced in 2014. From 2011 – 2016, approximately $51 billion has been invested in building out Ohio’s shale value chain.
As a result, both job growth and investments continue to gain momentum as domestic and global demand for natural gas, NGLs and other end products continues to rise. Ohio’s shale and petrochemical production is driving investment and helping other industries grow.
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