Post on 18-Dec-2015
transcript
What is JobsOhio?
• JobsOhio is a 501 (c)(4) private, not-for-profit corporation launched in July 2011
• Will lead Ohio’s job creation, business retention and new business recruitment efforts.
• Focus will be on specific industry sectors in areas of statewide and regional strength.
• In these endeavors, JobsOhio will partner closely with the Ohio Department of Development (ODOD) to undertake certain program functions that were once the state’s sole domain.
JobsOhio Strategies & Focus
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JobsOhio is organized to focus in 2012 on nine industries and four complementary functions that drive Ohio’s economy. Using a private-sector approach, JobsOhio is led by experts in those chosen industries – leaders who speak the language of business.
Importance of the industry in Ohio relative to the U.S.
JobsOhio Network
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Our success also is tied to the partnership with the JobsOhio Network – statewide economic development organizations with deep ties to their local business communities.
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Net job growth in the energy sector will depend on maximizing the full value chain related to Ohio’s Utica shale, including:
Exploration
Production
Transportation
Processing.
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Attract New Utica Shale-related Businesses
Upstream – Exploration, production, supply, and service
Midstream – Processing, pipelines, and distillation
Downstream – Power generation and fertilizer manufacturers
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Identify and Improve
Determine gaps in existing shale supply chain and work with Ohio companies to enter and support the market.
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Developing Ohio’s Utica shale presents a substantial opportunity to grow Ohio’s chemical and polymer industries.
Low-cost energy and feedstock sourced here is a significant advantage for much of Ohio’s chemical and polymer industries.
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Maximizing Ohio’s Strengths
Identify and recruit chemical and polymer companies that will benefit from:•Low energy & feedstock costs•World leading research•Strong existing supply chain
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Target Areas of Opportunity
Connect Ohio polymer strengths to other JobsOhio sectors, i.e. where Ohio polymer technology is strong.
As of March, 2012
Horizontal Permits Issued: 150 (17 counties)
Total Wells Drilled: 50
Wells producing: 7
Wells in progress: 32
Rigs in state: 16
More wells need to be drilled to understand the full potential of the Utica play in Ohio.
ohioshaleinfo.com
Utica Activity to Date
Economic Impact of Shale
Ohio Companies Benefiting from Shale Activity
V&M Star, Youngstown – steel tubing
U.S. Steel, Lorain – steel pipe
Miller Supply, Inc., Wooster – oilfield supply and services
Pioneer Group, Marietta – Midstream fabrication and construction
Timken, Canton – manufacturer and supplier of bearings.
Ariel Corporation, Mt. Vernon – gas compressors.
PotashCorp, Lima – producer of nitrogen-based products; large natural gas user.
Gorman-Rupp, Mansfield – pumps used in oilfield operations.
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Recent Investments in Utica Shale
Total, S.A. – 10 Eastern Ohio Counties$2.32 billion
Halliburton – Muskingum $150 million and 300 jobs
MarkWest – Harrison & Monroe $500 million and 700+ construction jobs
Exterran – Mahoning$13 million and about 100 jobs
Chesapeake/EnerVest/Total/M3 Midstream PartnershipColumbiana & Harrison
$900 million
Baker Hughes – Stark$45 million and 700 jobs
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