Wed., 10:59am: Petroleum group praises State of the State address

COLUMBUS — The Ohio Petroleum Council “applauded” Ohio Gov. John Kasichs State of the State address for positioning the industry to better help Ohio sustain economic growth and job creation.

“Ohio’s oil and natural gas industry is a proven game-changer in the state’s economic resurgence,” said Council Legislative Analyst Robert Eshenbaugh. “The arrival of shale energy development and production in Ohio has brought tens of thousands of new high paying jobs and the promise of a bright economic future for hard working Ohio families. Our industry not only shares the governor’s desire for progress, we are leading the way.”

In 2012, more than 38,380 Ohio jobs were directly attributed to oil and natural gas activity. These jobs are expected to increase to 143,595 by 2020 and to 266,624 by 2035, according to a recent study by the global information and research firm IHS.

“We are encouraged by the governor’s focus on shale energy,” said Eshenbaugh. “We will continue to work closely with the administration and legislative leaders to advance smart regulatory and economic policies for the benefit of all Ohioans.”