Ohio’s Growing Shale Energy Industry Attracted $2.8 Billion in Direct Investment in First Half of 2022, With Cumulative Investment Surpassing $100 Billion

COLUMBUS, Ohio, May 16, 2023 (GLOBE NEWSWIRE) — Total investment in Ohio’s resource-rich shale energy sector was approximately $2.8 billion in the first half of 2022, according to a Cleveland State University (CSU) study. Prepared for JobsOhio, the latest report covers shale investment from January through June 2022 and cumulates total investment from 2011 forward. The study from CSU’s Energy Policy Center at the Maxine Goodman Levin College of Urban Affairs revealed that, with previous investments to date, cumulative oil and gas investment in Ohio through June 2022 is estimated to be $100.6 billion. Of this, $70.8 billion has been in upstream, $21.5 billion in midstream, and $8.3 billion in downstream industries.

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