Energy companies are looking at both the Marcellus and Utica Shale natural gas reserves to supplement the nation's energy supply. The Marcellus Shale formation stretches from the edge of Maryland to New York, Pennsylvania, West Virginia and Appalachian Ohio along the Ohio River. The boundaries of the deeper Utica Shale formation extend under the Marcellus Shale region and beyond.
It is estimated that the Marcellus Shale formation has the potential to produce the energy equivalent of 87 billion barrels of oil -- enough to meet total U.S. natural gas demand for 20 years.
Ohio is the ideal location for the shale gas industry Tier I and II suppliers to efficiently and affordably supply the Marcellus and Utica Shale gas industry: central location, logistics infrastructure, skilled workforce and a favorable state tax structure. Shale gas supply chain companies are finding Ohio is the ideal location choice to achieve the fastest return on their start-up investment. They will also benefit from the state's manufacturing know-how and world-class logistics infrastructure.
Extracting and distributing shale gas requires a lot of supplies from drill bits, pipes and fixtures, machinery, sand, water, containers, measurement tools and safety equipment.
Supply chain companies that locate operations in Ohio to support the Marcellus and Utica Shale natural gas industry will find Ohio’s central location places their company in close proximity to all five primary states spanned by the Marcellus Shale Formation. Ohio's world-class transportation infrastructure also makes it fast and easy to service customers. Ohio is within 600 miles of 60 percent of the U.S. and Canadian population and is within a one-day drive of 70 percent of North America's manufacturing capacity, so components and finished goods quickly reach their destination anywhere in North America.