Executive Vice President of the Ohio Chamber of Commerce and the Executive Director of the Ohio Shale Coalition, Linda Woggon, discusses the incredible change Ohio is seeing because of growing shale development in the Buckeye State:

"Shale energy has the potential to drive economic development and job growth across the Buckeye State. From land payments, infrastructure improvements, well construction and pipelines to the rebirth of the chemical industry and manufacturing, the opportunities to create thousands of jobs for Ohioans and achieve prosperity for our state are tremendous.

Earlier this year, the Ohio Shale Coalition released a research study that forecasts major investment and job growth from the development of oil and gas resources in the Utica shale. The study was conducted by an impressive team of researchers from Cleveland State University, The Ohio State University and Marietta College.

Using very conservative assumptions, the study calculates the new spending that will occur in Ohio between 2011 and 2014. This includes expenditures made to lease land, make royalty and right-of-way payments, construct roads and bridges, drill and complete wells, and construct the pipelines needed to transport the oil and gas to processing facilities and to the market.

The study’s results show why so many people are convinced shale energy will be a “game changer” for Ohio’s economy.

By 2014 the total value added to Ohio’s economy from development of the Utica shale is expected to grow to $4.9 billion, resulting in a total output, including direct, indirect and induced expenditures, of nearly $10 billion per year. And, these numbers are likely to continue in this range each year thereafter.

State and local tax revenue will increase too. By 2014, the study projects that state and local governments will receive nearly $500 million in additional tax revenue."

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