March 19, 2013
Regional Experts Educate Members on Joining the Shale Supply Chain
Yesterday, March 18, over 100 Chamber members gathered at the Cintas Center to hear from six regional experts on Ohio's growing shale industry. The conference, a part of the 2013 Legislative Speaker Series presented by Fidelity Investments, began with Rhonda Reda, the Executive Director of the Ohio Oil & Gas Energy Education Program. Reda presented attendees with "Oil & Gas 101," introducing the industry's unique jargon and idiosyncrasies. Linda Woggon, Executive Director of the Ohio Shale Coalition, then joined us to moderate a panel of businesses who have tapped into the shale industry supply chain. The panel, featuring Mark Matusick of Chesapeak Energy, Mike Battles of Woolpert, and Tim Luers of GreenPro Environmental Services, provided an opportunity to learn what types of businesses can get involved in this economic opportunity and what kind of results they're seeing. Finally, the conference heard from David Mustine, Managing Director, Energy, Chemicals & Polymers at JobsOhio, speaking on what sorts of downstream opportunities Chamber members should be taking advantage of. A study performed by the Ohio Shale Coalition to assess the economic potential of the Utica Shale play projected that more than 65,000 jobs and $4 billion in value added would result by the end of 2014, and Woggon shared with the attendees that we are absolutely on track to hit those numbers. In addition, a study conducted by the U.S. Chamber of Commerce projected further into the future with more than 260,000 jobs added by 2035.
The opportunities that will result from the booming shale industry are myriad - from direct involvement for construction, manufacturing, mining, trucking and utilities companies, to indirect through legal support, financial services, real estate and wholesalers, to induced industries like amusement and recreation, food services, and hospitals, the effects are game-changing for the region.