Cleveland State University researchers recently released a report on shale-related investment in Ohio that found cumulative oil and gas investment through December of 2019 is around $86.4 billion, according to The Heartland Institute.
The researchers also found a $9 billion increase in investment in Ohio’s shale sector from 2018 to the fourth quarter of 2019. From July through December 2019, total investment was approximately $3.06 billion.
Of the total $86.4 billion invested, $60.0 billion was in upstream, $20.2 billion in midstream and $6.2 billion in downstream industries.
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