Construction to begin on gas-fired power plant in northeast Ohio

It has always been known that the benefits of Utica Shale development would be long term. Some felt that the effects of that development would be quick and spectacular. Instead what we will see is a gradual development of businesses that are associated with shale development or use the natural gas produced.

This project is just one of many that will continue to occur over the next decade. After that decade we will look back and see a vast economic expansion all due to Utica Shale development.

I found this story in the Business Journal of Youngstown, OH

by Matt Warnock

Construction is ready to begin on an $890 million natural-gas fired power plant off Route 45 in Lordstown, Ohio, reports the Youngstown Business Journal. The deal to build the Lordstown Energy Center closed on April 6, 2016, said Bill Siderewicz, president of Clean Energy Future, LLC, the developer of the project. The Business Journal says Lordstown was selected as the site for the plant in part because of its proximity to the heart of the Utica and Marcellus shale plays, which will “ensure a long-term supply of low-cost natural gas to fuel operations.” For more, read the full story.

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Permalink Reply by william on April 12, 2016 at 7:01am

This is the type of news Utica landowners should get excited about. The investments coming on board are pretty impressive. Slow and steady wins the race.

Permalink Reply by Barry D on April 12, 2016 at 3:51pm

william,

I'm glad you see the positive aspects of shale development. That was reason for the post.

It seems that all you hear on this site anymore is gloom and doom. I grow tired of it.

Only the fools believed that shale development would be an overnight occurrence. The reality is as you have stated, "Slow and steady..."

I can live with that.

Permalink Reply by George on April 13, 2016 at 12:26am
The article mentions Lordstown as being physically close to the "heart of the Utica and Marcellus" shale plays. Does this mean the Northern/Appalachia
plays will be drilled?
Permalink Reply by Barry D on April 13, 2016 at 1:13am

George

I saw that too. To me it only means that the author took some literary license; I believe the point was that this project is part of the is a spinoff of shale development, no more.

It certainly doesn't mean that this author has some inside info about development in the northern Utica.

Permalink Reply by David Allen Lilly on April 13, 2016 at 12:37am

About two weeks ago another announcement came to us down here in the more southern portion of the Utica regarding a 2018 scheduled power plant construction designed to use shale gas only.

This is marketing and infrastructure catching up to supply, which will mean increased royalty revenues, if you are patient.

Permalink Reply by Barry D on April 13, 2016 at 1:16am

David,

Over the next several years I expect to see continued announcements of one business after another opening n or near Utica Shale development.

As I said, 10 years from now we will look back and see a a vital economy centered around Utica Shale and Marcellus Shale development.

Permalink Reply by David Allen Lilly on April 13, 2016 at 1:21am

I feel really bad for the coal industry.

0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on April 13, 2016 at 2:09am

David,

     The big increase in royalty revenue will come when the O&G companies see Chesapeake Energy take a fall for what they have been doing across the Nation.

0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on April 13, 2016 at 2:06am

We'll need a large number of these plants to pick up the electrical generation that was lost when Electric Companies either panicked in 2011 after the EPA announced further emission restrictions, or downsized their Coal generation capacity early to put more money in the Fossil Generation vp & ceos pockets.

This kind of thing happens when everyone dreams of being a king at the expense of society.

Permalink Reply by Barry D on April 13, 2016 at 2:15pm

Ron,

At least it is happening and happening here.

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