Shale Investment Dashboard in Ohio Q3 and Q4 2024

This report is a comprehensive analysis of shale-related investments in Ohio for the second half of 2024. It presents cumulative investment estimates from July to December 2024, detailing upstream, midstream, and downstream investments. The total estimated upstream investment during this period is approximately $3.2 billion, which includes significant allocations for drilling, lease renewals, and royalties. Midstream investments are estimated at around $280 million, while downstream investments are reported at $1.8 million. The report indicates that the cumulative shale-related investment in Ohio has reached approximately $114.6 billion, with upstream investments accounting for the majority. The report also notes a growth in drilling activity and production efficiencies, particularly in oil production, which reflects the economic viability of continued investment in the Utica shale play. Additionally, insights from early 2025 company statements suggest sustained development despite fluctuating oil prices, emphasizing the competitive cost position of the Utica region.