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Ohio’s Oil and Gas Industry Contributes More Than $343 Million in Direct Invest in Eight Counties

Posted By Lyndsey Kleven, Communications Manager, Tuesday, June 26, 2018

The Ohio Oil and Gas Association (OOGA) and Energy In Depth (EID) released findings in its Utica Shale Local Support Series that show Ohio oil and gas operators have invested more than $343 million in direct investment into counties where drilling and production of oil and natural gas from the state’s shale resources is occurring.  The findings include more than $300 million in road improvements with more than 630 miles of roads improved. In addition, $43.7 million in property tax payments, with a projected more than $200 million to be paid over the next decade.

“The series of reports continue to prove that the oil and gas industry is a partner to the communities that it operates in,” said Matt Hammond, OOGA’s executive vice president. “The industry is making significant contributions to the state and local economies in multiple ways, as can be seen directly by the millions of dollars paid in property taxes and road miles improved.  This revenue flows directly to local schools and creates local economic activity."       

The Utica Shale Local Support Series: Ohio’s Oil & Gas Industry Road Improvement Payments, report takes a closer look at the history of the Road Use Maintenance Agreement (RUMA) and the execution of these agreements within eight counties spanning from 2011 to 2017: Belmont, Carroll, Columbiana, Guernsey, Jefferson, Harrison, Monroe and Noble. The key finding includes more than $300 million total investment, more than 630 road miles improved, 100 percent invested directly into local communities.

The Utica Shale Local Support Series: Ohio Oil and Gas Industry Property Tax Payments, report looks at the industry’s contributions of $43.7 million to six Ohio counties from 2010 to 2015: Belmont, Carroll, Guernsey, Harrison, Monroe and Noble. The report projects that over the next decade, $200-$250 million will be paid to these six counties alone. The percentage of property tax collections to local Ohio schools in these areas is 60-70 percent.

The Utica Shale Local Support Series is an on-going series of studies between OOGA and EID that collectively examine multiple ways in which oil and natural gas production directly benefits local schools, counties, townships, cities, villages and other vital local services and infrastructure. The information obtained for the studies was gathered through public record requests. 

Tags:  ad valorem  Lyndsey Kleven  ohio oil and gas association  oil and gas  RUMA  Utica shale 

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