Feb 5, 2016

Current Climate of Ohio's Gas and Oil Industry


The oil and gas industry, both in Ohio and throughout the world, is currently experiencing a very difficult economic environment. As of January 18, 2016, oil prices are trading around $30 per barrel and natural gas prices are similarly depressed. Because of these low prices, Ohio Utica producers are idling rigs, shutting-in wells, laying off employees, and delaying drilling new wells. Despite this grim news, however, there are very positive indicators for the Ohio oil and gas industry once prices rebound...

Read the full article here.

Ohio Gas & Oil Magazine
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