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By March 2010, [[The Intelligencer & Wheeling News Register|The Intelligencer]], based in neighboring [[Wheeling, West Virginia]], had declared that a "gas rush" was occurring with the Marcellus Shale in the area and that property was "hot".<ref>[http://www.news-register.net/page/content.detail/id/535285.html?nav=515 "The Gas Rush Is On"], ''The Intelligencer'', Retrieved 8 Mar 2010.</ref> May saw the $4.7 billion acquisition by [[Royal Dutch Shell]] of East Resources's drilling property in neighboring states.<ref>[http://www.pittsburghlive.com/x/pittsburghtrib/business/s_683572.html "Royal Dutch Shell buys Marshall gas driller East Resources Inc. for $4.7B"], ''Pittsburgh Tribune''. Rick Stouffer. 29 May 2010. Retrieved 25 June 2010.</ref>Intense leasing activity was reported in eastern Ohio in September,<ref>[http://www.istockanalyst.com/article/viewiStockNews/articleid/4523136 Drillers have high oil, gas hopes for Ohio shale]</ref> including Gastar Exploration and [[South Korea]]-based Atinum Partners citing Ohio acreage in a $70 million deal.<ref>[http://online.wsj.com/article/BT-CO-20100922-703547.html Gastar Enters JV With Korean Firm To Develop Marcellus Assets]</ref> [[Pennsylvania]]-based [[CONSOL Energy]] began drilling [[Belmont County, Ohio|Belmont County]],<ref>[http://pr-canada.net/index.php?option=com_content&task=view&id=277747&Itemid=58 CONSOL Energy Announces Quarterly]</ref> while [[Anschutz Exploration Corporation]] announced that month it had sold {{convert|500000|acre|km2}} of its oil and natural gas fields, including in Ohio, for $3 billion.<ref>[http://www.energytribune.com/articles.cfm/5496/Anschutz-Likely-Makes-Billions-On-Marcellus-Shale-Sale Anschutz Likely Makes Billions On Marcellus Shale Sale]</ref><ref>[http://www.denverpost.com/business/ci_16401450 Anschutz Exploration makes $3 billion shale oil sale]</ref>By October, ''[[National Geographic Society|National Geographic]]'' had officially coined the boom as the "[[Great Shale Gas Rush]]",<ref>[http://news.nationalgeographic.com/news/energy/2010/10/101022-energy-marcellus-shale-gas-rush/ Special Report: The Great Shale Gas Rush]</ref> with 70 energy companies prospecting New York, Pennsylvania, West Virginia, and Ohio with plans to drill 3,500 well a year over the next decade with the potential of 200,000 new employment positions.<ref>[http://content.usatoday.com/communities/greenhouse/post/2010/10/shale-gas-energy-future/1 Is vast U.S. reservoir of shale gas the energy answer?]</ref>In August 2011, [[Chesapeake Energy]] announced it would open a field office in Canton.<ref>[http://www.tribtoday.com/page/content.detail/id/560612/Driller-chooses-office-in-Canton.html?nav=5021 "Driller chooses office in Canton"], Matt Steffy. ''Trib Today''. 19 Aug 2011. Retrieved 19 Aug 2011</ref> In September 2011, [[Hess Corporation]] announced a $750 million play in the state's [[Utica Shale]].<ref>[http://www.marketwatch.com/story/hess-acquires-additional-acreage-in-ohios-utica-shale-2011-09-08 "Hess Acquires Additional Acreage in Ohio's Utica Shale"], MarketWatch. 8 September 2011. Accessed 9 September 2011</ref> | By March 2010, [[The Intelligencer & Wheeling News Register|The Intelligencer]], based in neighboring [[Wheeling, West Virginia]], had declared that a "gas rush" was occurring with the Marcellus Shale in the area and that property was "hot".<ref>[http://www.news-register.net/page/content.detail/id/535285.html?nav=515 "The Gas Rush Is On"], ''The Intelligencer'', Retrieved 8 Mar 2010.</ref> May saw the $4.7 billion acquisition by [[Royal Dutch Shell]] of East Resources's drilling property in neighboring states.<ref>[http://www.pittsburghlive.com/x/pittsburghtrib/business/s_683572.html "Royal Dutch Shell buys Marshall gas driller East Resources Inc. for $4.7B"], ''Pittsburgh Tribune''. Rick Stouffer. 29 May 2010. Retrieved 25 June 2010.</ref>Intense leasing activity was reported in eastern Ohio in September,<ref>[http://www.istockanalyst.com/article/viewiStockNews/articleid/4523136 Drillers have high oil, gas hopes for Ohio shale]</ref> including Gastar Exploration and [[South Korea]]-based Atinum Partners citing Ohio acreage in a $70 million deal.<ref>[http://online.wsj.com/article/BT-CO-20100922-703547.html Gastar Enters JV With Korean Firm To Develop Marcellus Assets]</ref> [[Pennsylvania]]-based [[CONSOL Energy]] began drilling [[Belmont County, Ohio|Belmont County]],<ref>[http://pr-canada.net/index.php?option=com_content&task=view&id=277747&Itemid=58 CONSOL Energy Announces Quarterly]</ref> while [[Anschutz Exploration Corporation]] announced that month it had sold {{convert|500000|acre|km2}} of its oil and natural gas fields, including in Ohio, for $3 billion.<ref>[http://www.energytribune.com/articles.cfm/5496/Anschutz-Likely-Makes-Billions-On-Marcellus-Shale-Sale Anschutz Likely Makes Billions On Marcellus Shale Sale]</ref><ref>[http://www.denverpost.com/business/ci_16401450 Anschutz Exploration makes $3 billion shale oil sale]</ref>By October, ''[[National Geographic Society|National Geographic]]'' had officially coined the boom as the "[[Great Shale Gas Rush]]",<ref>[http://news.nationalgeographic.com/news/energy/2010/10/101022-energy-marcellus-shale-gas-rush/ Special Report: The Great Shale Gas Rush]</ref> with 70 energy companies prospecting New York, Pennsylvania, West Virginia, and Ohio with plans to drill 3,500 well a year over the next decade with the potential of 200,000 new employment positions.<ref>[http://content.usatoday.com/communities/greenhouse/post/2010/10/shale-gas-energy-future/1 Is vast U.S. reservoir of shale gas the energy answer?]</ref>In August 2011, [[Chesapeake Energy]] announced it would open a field office in Canton.<ref>[http://www.tribtoday.com/page/content.detail/id/560612/Driller-chooses-office-in-Canton.html?nav=5021 "Driller chooses office in Canton"], Matt Steffy. ''Trib Today''. 19 Aug 2011. Retrieved 19 Aug 2011</ref> In September 2011, [[Hess Corporation]] announced a $750 million play in the state's [[Utica Shale]].<ref>[http://www.marketwatch.com/story/hess-acquires-additional-acreage-in-ohios-utica-shale-2011-09-08 "Hess Acquires Additional Acreage in Ohio's Utica Shale"], MarketWatch. 8 September 2011. Accessed 9 September 2011</ref> | ||
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Ohio is a state in the Midwestern United States. Ohio is the 34th largest (by area), the 7th most populous, and the 10th most densely populated of the 50 United States. The state's capital and largest city is Columbus.
Ohio is in the early stages of the development and exploration of the Utica-Point Pleasant deposits in Ohio with more than 1,000 wells drilled.[1] The hydraulic fracturing process enables energy companies to tap into shale deposits to extract oil, natural gas, natural gas liquids, and condensate.
In 1951, the process of hydraulic fracturing was introduced in Ohio to extract oil and gas."Technically Recoverable Devonian Shale Gas in Ohio, West Virginia, and Kentucky", Society of Petroleum Engineers, Retrieved 19 Nov 2009.</ref> Part of the Devonian Shale is the Marcellus Shale, which alone is estimated to hold between 168 trillion and 516 trillion cubic feet of natural gas.[2] Recent technological advances have made the recovery of these reserves possible, and the state has experienced a boom in drilling.[3] It is estimated that 423 billion barrels (67.3×10^9 m3) of oil are present in the Devonian-Mississippi Shale, with 98% of the near-surface mineable resources located in Ohio, Kentucky, Indiana, and Tennessee.[4]
By March 2010, The Intelligencer, based in neighboring Wheeling, West Virginia, had declared that a "gas rush" was occurring with the Marcellus Shale in the area and that property was "hot".[5] May saw the $4.7 billion acquisition by Royal Dutch Shell of East Resources's drilling property in neighboring states.[6]Intense leasing activity was reported in eastern Ohio in September,[7] including Gastar Exploration and South Korea-based Atinum Partners citing Ohio acreage in a $70 million deal.[8] Pennsylvania-based CONSOL Energy began drilling Belmont County,[9] while Anschutz Exploration Corporation announced that month it had sold 500,000 acres (2,000 km2) of its oil and natural gas fields, including in Ohio, for $3 billion.[10][11]By October, National Geographic had officially coined the boom as the "Great Shale Gas Rush",[12] with 70 energy companies prospecting New York, Pennsylvania, West Virginia, and Ohio with plans to drill 3,500 well a year over the next decade with the potential of 200,000 new employment positions.[13]In August 2011, Chesapeake Energy announced it would open a field office in Canton.[14] In September 2011, Hess Corporation announced a $750 million play in the state's Utica Shale.[15]
Utica Shale drilling and production began in Ohio in 2011. Ohio as of 2013 is becoming a major natural gas and oil producer from the Utica Shale in the eastern part of the state.[16][17] Map of Ohio Utica Shale drilling permits and activity by date.[18][19] In 2011 drilling and permits for drilling in the Utica Shale in Ohio have reached record highs [20] Although the prospective Utica area extends into Pennsylvania and West Virginia, as of 2013, most activity has been in Ohio, because the Ohio portion is believed to be richer in oil, condensate, and natural gas liquids.