COVID-19 Stalls Commercial Real Estate in Northeastern Ohio

COVID-19 Postpones Commercial Real Estate Auction in Northeastern Ohio. Will We See Pre COVID-19 Property Sales Valuations? CANTON, OHIO, USA, May 4, 2020 /EINPresswire.com/ — Conducting business for most U.S. companies came to an abrupt stop in mid-March, as governments ordered closed “non-essential” businesses to help stop the spread of the coronavirus. While many companies

Read More...

White House likely to pursue federal aid for shale companies hit by oil shock, coronavirus downturn

The White House is strongly considering pushing federal assistance for oil and natural gas producers hit by plummeting oil prices amid the coronavirus outbreak, as industry officials close to the administration clamor for help, according to four people familiar with internal deliberations. President Trump has touted the growth of oil and natural gas production under his

Read More...

Increases in natural gas production from Appalachia affect natural gas flows

The 2019 Annual Energy Outlook (AEO2019) Reference case shows continued growth of natural gas production in the Mid-Atlantic and Ohio region from the Marcellus and Utica formations, resulting in increases of natural gas being transported to the Eastern Midwest and, ultimately, into the South Central region, which includes the Gulf Coast and Texas. While the South Central

Read More...

Report finds Ohio is a commercial real estate powerhouse

Ohio is a commercial real estate powerhouse, according to a new report published by the NAIOP Research Foundation. The state is No. 7 nationwide for contributions to state GDP created by commercial real estate development, creating and supporting 146,787 related jobs and contributing $20.1 billion to Ohio’s economy in 2019, the report finds.

Read More...

Mammoth Cracker Plant Presents Huge Opportunity

By George Nelson | March 9, 2020 MONACA, Pa. – The enormous Royal Dutch Shell petrochemical complex taking shape along the Ohio River in Monaca, Pa., is quite a sight. Sprawled across the 386-acre site in Beaver County are multiple buildings from one-level units to structures several stories high – and construction cranes that reach into the sky.

Read More...

Ohio natural gas producers meet amid low energy prices

Ohio’s natural gas producers are having their annual meeting in Columbus this week amid concerns about what low natural gas prices mean for their business. Industry experts say it is time for more attention on profit than on production. For the past few years, Ohio’s natural gas producers have been more focused on boosting production

Read More...

Ohio oil production totals increase

It grew 17 percent compared to the last quarter of 2018. Horizontal shale wells in the state produced 6.8 million barrels of oil and 685 billion cubic feet of natural gas during the fourth quarter of last year, the Ohio Department of Natural Resources announced Friday. Oil production grew 17 percent compared to the last

Read More...

NAI Ohio River Corridor’s Bryce Custer is attending the NAI Global Leadership Summit.

NAI Ohio River Corridor’s Bryce Custer is attending the NAI Global Leadership Summit. NAI global leadership summit is a unique forum at which principles, directors and managers convene for the purpose of strengthening relationships the enable an open sharing of information and nee business opportunities, while connecting with a shared vision to drive more business,

Read More...

Plant plans reason for encouragement

Residents of our region received some positive news Wednesday when it was learned that a local company has plans to build a gas-to-liquids facility in Saline Township in northern Jefferson County. Hammondsville-based Orin Holdings and county officials see a big potential for the facility, which would be located on 500 acres of ground that has

Read More...

Ohio’s Utica Shale 4th Quarter Production Totals Released

COLUMBUS, Ohio – During the fourth quarter of 2019, Ohio’s horizontal shale wells produced 6,803,057 barrels of oil and 684,771,042 Mcf (685 billion cubic feet) of natural gas, according to the figures released today by the Ohio Department of Natural Resources (ODNR). Compared to a year ago, oil production increased by 17.08% and natural gas production

Read More...

Big Money Still Loves Oil & Gas

The entire oil and gas industry and its investors are seriously reassessing the value of their beloved fossil fuels in the context of a major energy transition. But don’t be fooled: The returns of oil and gas projects are still highly competitive and plenty of capital is still flowing. While the energy transition and the

Read More...