Cleveland State University

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September 2, 2011  |  News Release #14931  |  Contact: Joe Mosbrook, 216.523.7279, j.mosbrook@csuohio.edu
ECONOMIC IMPACT STUDY TO LOOK AT OHIO SHALE

Cleveland The Ohio Chamber of Commerce, on behalf of the Ohio Shale Coalition, announces that it has engaged Cleveland State University, The Ohio State University and Marietta College to conduct a research study focused on the economic impacts and opportunities associated with the development of oil and gas resources in the Utica/Point Pleasant and Marcellus shale formations in Ohio.

The study is being funded by a broad range of industries representing a cross section of Ohio's economy. Participating industries include, but are not limited to, oil and gas, steel, plastic, chemical, waste management, water providers, manufacturing, heavy equipment suppliers, agriculture, consultants, law firms, sportsman and conservation organizations. To date, more than 25 organizations have contributed to the funding effort.

"We have all seen how natural gas development from the Marcellus Shale has created thousands of jobs and spurred growth in Pennsylvania. Ohio has the potential to be similarly successful," said Andrew E. Doehrel, President and CEO for the Ohio Chamber. "We need to understand better what that scope might be, and how we as a state can position ourselves to realize the most value from it."

The scope of the study will be to gather data, including projections for drilling and production, from the upstream and midstream sectors of the oil and gas industry in Ohio, and to estimate the current and prospective economic impact from this resource development. The results will be analyzed by economists and specialists and discussed in a report to be issued by the end of 2011. While the study will be principally focused on economic development potential for the upstream and midstream sectors of the oil and gas industry, consideration will be given to downstream sectors, such as the petrochemical industry and the potential effects shale development might have on those sectors.

The study will be led by Cleveland State University's Center for Economic Development in collaboration with The Ohio State University's Department of Agricultural, Environmental and Development Economics and Marietta College's Department of Petroleum Engineering and Geology.

Ned Hill, dean of the Maxine Goodman Levin College of Urban Affairs at Cleveland State, remarked that, "this Study is an important undertaking for evaluating what promises be an extraordinary economic opportunity for the state of Ohio. The impact to Ohio manufacturers alone could be significant, and we need to understand how it will impact our broader economy if we are to harness this great economic potential."

-more-

Questions should be directed to the principal investigators:
Andrew R. Thomas, Executive in Residence, Energy Policy Center
Maxine Goodman Levin College of Urban Affairs

Cleveland State University
Ph: 216-687-9304
email: a.r.thomas99@csuohio.edu

Iryna Lendel, PhD, Assistant Director, Center for Economic Development
Maxine Goodman Levin College of Urban Affairs

Cleveland State University
Ph: 216-875-9967;
email: i.lendel@csuohio.edu

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