Article

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...

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