In 2011, drilling for oil and gas recommenced in the state of Ohio after a century of dormancy, due to recently developed technologies enabling the extraction of hydrocarbons from shale reservoirs that had previously been assumed impermeable and therefore uneconomical. The purpose of this report is to analyze two indicators of economic activity, sales receipts and employment, related to the early stages of Utica and Marcellus shale development in the State of Ohio. Tracking these two measures will assist in the preliminary detection of economic trends that are likely related to the growth of the oil and gas industries in Ohio. Data for these two indicators are readily available from the State of Ohio, which will facilitate the planned quarterly updates to this report.
Available at: http://works.bepress.com/edward_hill/102/