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.
Views: 815
Replies to This Discussion
-
Permalink Reply by william on
-
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
-
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
-
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
-
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
-
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
-
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
-
I feel really bad for the coal industry.
-
-
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.
-
-
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.
Top Content
Latest Activity
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
