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Ohio, West Virginia and Pennsylvania in shale gas deal

Staff writer |
In an effort to maximize growth in the shale gas region, Ohio entered into a three-year agreement with West Virginia and Pennsylvania to collaborate on areas critical to the success of the growing industry.

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“The issues and opportunities facing our growing oil and gas industry do not recognize state lines, making it essential that we work together to help ensure the continued growth we expect to see,” said Ohio Lt. Governor Mary Taylor who represented the state and signed the agreement.

As part of the new agreement, the three neighboring states within the Appalachian Basin will discuss ways to cooperate in marketing efforts to attract new businesses, strengthen workforce development programs, spur investments in expanding infrastructure and delivery of natural gas and liquids, and encourage its academic institutions to expand and collaborate on research.

Ohio’s horizontal shale wells recently produced a record 10 million barrels of oil and 405 billion cubic feet of natural gas in the first half of this year.

Production continues to rise as oil increased by more than 5.6 million barrels and gas by 250 billion cubic feet compared to the first half of 2014 – a 126 and 160 percent increase, respectively.

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