Ohio oil well output doubles in a year; natural gas triples

Mar 2, 2015 12:00 AM

2015-03-02T00:00:00

Friday, February 27, 2015
Ohio oil well output doubles in a year; natural gas triples
COLUMBUS — Oil production has more than doubled and production of natural gas has tripled in Ohio in one year, bolstering arguments by the administration of Gov. John Kasich that the industry is thriving enough to sustain a tax increase.
Kasich wants to use the proceeds to reduce the state’s income tax.
Statistics released Wednesday by the Ohio Department of Natural Resources showed more than 3.5 million barrels of oil and 164 billion cubic feet of natural gas were produced during the last three months of 2014. During the same quarter in 2013, Ohio wells produced 1.4 million barrels of oil and 43 billion cubic feet of natural gas.
The increase was fueled by a building boom of wells.
Read more here: http://www.times-gazette.com/latest%20headlines/2015/02/27/ohio-oil-well-output-doubles-in-a-year-natural-gas-triples