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Oil & Gas

A report on the industry in Ohio released in 2012 by a team from Cleveland State University, The Ohio State University and Marietta College[i] suggests that Utica shale wells with a cost of $5 to $6 million per well could create an increase in output or sales in Ohio of nearly $10 billion by 2014. According to the study, there will be additional demand for manufactured goods such as valves and fittings, machinery and equipment leasing, and fabricated pipe.[ii] Eastern Ohio has seen an influx of investment around these shale plays which include companies such as V&M Star, Timken, and US Steel. Some Cleveland companies are well positioned to transition into the supply chain for the drilling industry in Ohio as well as regionally.
While the report by CSU, et al was primarily focused on the current and short term economic impact of the shale play, they did briefly mention the longer run implications for the output from the fields and the industry. As mentioned earlier, the output from the Ohio play contains not only natural gas but also “liquids” which are used in a number of industries. As more wells are drilled, the price of natural gas has been declining due to significant production created by the Utica and Marcellus plays, as well as a number of other shale plays across the United States and Canada. The liquids content from the Ohio play has been identified by some industry experts as the more valuable asset. The potential use of these “downstream” applications within Ohio must be tempered by the notion that “energy consumers outside the state might value Ohio’s resources more highly than anyone else does, including Ohio manufacturers, in which case they would bid away those resources."[iv]

Airgas is the supplier of industrial, medical, and specialty gases and related equipment, safety supplies and MRO products and services to industrial and commercial markets
2020 Train Ave.
Cleveland, OH 44113

Bocor Holdings, LLC
We are an exploration, development, and production company of crude oil and natural gas in the Appalachian Basin.

7793 Pittsburg Ave. N.W. 
North Canton, OH 44720

Buckeye Partners LP
Buckeye Partners, NYSE: BPL headquartered in Houston, Texas in the, United States, is one of the primary distributors of petroleum in the eastern and mid-western portions of the United States.

2195 Drydock Avenue
Cleveland, OH 44113
Dominion East Ohio
Natural gas provider.
1201 E. 55th St.
Cleveland, OH 44103

Based in Youngstown, Ohio, Everclear of Ohio, Ltd., offers a variety of oil-related products and services to individuals and businesses in Youngstown and surrounding areas. 

P.O. Box 4058
Austintown, OH 44515

Marathon Petroleum Corporation
A refining, marketing and transportation company was formed in 1998 from Marathon Oil Co. and Ashland Inc.

3855 Fisher Rd,
Columbus, OH

Petroleum Bulk Stations & Terminals.
2846 E. 37th St.
Cleveland, OH 44115
Universal Oil Inc.
Manufacturer of petroleum products and lubricants.
265 Jefferson Ave.
Cleveland, OH 44113

[i] Thomas, A.R. et al. (2012). An analysis of the economic potential for shale formations in Ohio.
[ii] Page 49.
[ii] Thomas, A.R., et al. page 66.