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

Ohio River Corridor

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

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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

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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.

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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.

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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

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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

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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,

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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

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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

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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

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Ohio Valley Oil and Gas Association February Dinner Discussion

NAI Ohio River Corridor’s Jim Elsfelder attended the Ohio Valley Oil and Gas Association’s February dinner meeting with APEG and USDA to discuss economic development in the Appalachian Basin. Guest speakers were Mike Jacoby, President and CEO of APEG, Appalachian Partnership for Economic Growth and Michael Rutherford, USDA Program Director.

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Oil & gas industry responds to Rolling Stone article

As the organization in charge of providing the general public with fact-based, educational information about Ohio’s important natural gas and oil industry, we’re deeply disappointed a recent article (“Rolling Stone Article Highlights Area Fracking Concerns,” Feb. 15) irresponsibly omitted key facts and context that is critical for readers to understand. Naturally occurring radioactive materials (NORM) in

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Cheap shale gas attracts Thai petrochemical major to Ohio

PTT readies $5bn war chest to turn US into ‘second home base’   BANGKOK — PTT Global Chemical, an arm of Thai energy major PTT Group, has set aside $5 billion for its next five-year investment, of which around 80% will be spent on a petrochemical complex in the U.S. and acquisitions. Chief Executive Kongkrapan Intarajang said the company is

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Sale Prices Surge in Opportunity Zones

The latest “opportunity zone” data shows momentum building for the Trump administration’s signature real estate tax break program. Last year, sale prices jumped for most property types located in federally designated opportunity zones. Notably, CoStar data shows that average prices paid for multifamily and hotel properties in these low-income areas surged to a point where

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