Creating a World-class Business Advantage for the Mid-Ohio Valley
The energy was palpable. Recently, over 700 people from the Greater Marietta area, representing numerous businesses and industries, gathered at the newly remodeled People’s Bank Theater to kickoff Shale Crescent USA. The idea here is simple, Eastern Ohio and the majority of Appalachia lay above the largest, most abundant, and affordable natural gas supply in the industrialized world. The oil and gas business is currently facing an economic downturn and are looking for a solution—in which there are really only two solutions.
The solutions are to drill less wells OR use more gas. The second solution is where Shale Crescent USA comes into play.
In an effort to burn more gas, Shale Crescent USA is marketing eastern Ohio, western Pennsylvania and northern West Virginia to the entire world with that very message.
Here are a list of the Top Ten reasons to do business in The Shale Crescent USA:
1. Access to low cost and abundant oil and gas feedstocks
2. Natural gas prices have declined over the last several years
3. Area will account for 35% of U.S. natural gas production by 2020
4. Within a day’s drive to over half of the U.S. population
5. Good quality ground for consumption
6. Ohio River flows into the Mississippi River and onto the Gulf of Mexico for transportation
7. Ohio exports are among the top 10 in the U.S.
8. State of Ohio’s tax burden is the lowest in the Midwest for new investment
9. Quality and diversity of education system leads to skilled workforce
10. Small town USA, not too large & not too small, availability of charming places to live, work & play.
The event began with the keynote speaker, Mr. Jim Tressel (Yes, that Jim Tressel) President of Youngstown State University. He talked about how important it is to work as a team and to give back to your community which are both central to the Shale Crescent USA idea. After the former coach spoke, a panel moderated by Mr. John Wharff, featuring Ben Thomas, a retired Associate Professor of Petroleum Engineering and Geology at Marietta College, Jerry James who is President and CEO of Artex Oil Company, and Wally Kandel, Senior Vice President and Marietta Site Manager of SOLVY took the stage to talk about the assets in Shale Crescent USA. Discussion focused on the unprecedented business advantages that are available thanks to shale gas development. Also examined by the panel was the concept of using this abundant and cheap natural gas to fuel a manufacturing renaissance in the Mid-Ohio Valley. That very idea is explained in the Shale Crescent USA mission statement:
The mission of the Shale Crescent USA economic development initiative is to encourage business growth in the Mid-Ohio Valley based upon low natural gas prices that allow manufacturers to operate more efficiently while producing products more economically with access to water and over half of the population of the United States.
It is a bold idea and one that will take time and talent, as Tressel shared, to “move the ball down the field,” which can, should and will be done for the benefit of the entire Mid-Ohio Valley.
To learn more, visit shalecrescentusa.com