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Ohio Shale Production Reaches 132 Billion Cubic Feet in Third Quarter Local Wells Continue Leading the Way

 

Belmont County and Monroe County have been blessed with some really good geology." Shawn Bennett, senior vice president of the Ohio Ohio and Gas Association | Photo by Casey Junkins

Belmont County and Monroe County have been blessed with some really good geology.” Shawn Bennett, senior vice president of the Ohio Ohio and Gas Association

ST. CLAIRSVILLE — Energy companies in Ohio produced more than 132 billion cubic feet of natural gas from July 1-Sept. 30, up from 88 billion cubic feet during the previous three-month period, figures from the Ohio Department of Natural Resources show.

The 132 billion cubic feet of natural gas for the three-month period is more than was drawn in all of 2013 in Ohio.

Wells in Belmont and Monroe counties leading the state in production, state figures show. Ohio Oil and…

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Steubenville, Jefferson County poised for an upswing: panel

Panelists at the Pittsburgh Business Times Corridors of Opportunity event Wednesday in Wintersville, Ohio, were (from left): Ed Looman, Eastern Ohio project manager of the Appalachian Partnership for Economic Growth; Rich DeLuca, president of the Jefferson County Chamber of Commerce; Evan Scurti, director of economic development at the Jefferson County Port Authority; and Pittsburgh Business Times Publisher Alan Robertson, who moderated the panel.

Steubenville and Jefferson County, Ohio, may not be seeing the large Utica Shale-related growth of neighboring counties, but they’re on the cusp of big things.

That’s the message from economic development officials who spoke at the Pittsburgh Business Times’ Corridors of Opportunity: Jefferson County event held Wednesday afternoon at the St. Florian Hall in Wintersville, about five miles west of Steubenville.

“The timing is great, because there is a lot of opportunity in our area,” said Evan Scurti,…

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Gold Rush in Ohio? Small Town Plays Big Role

Refinery in Jackson Sends Recycled Gold to Asia for Jewelry

JACKSON, Ohio – Building contractor Alan Stockmeister is known around town for his stewardship of local businesses: radio stations, a movie theater and a bank, for example. But nothing has been quite like his refinery just off Main Street, which has become an outpost in the multibillion-dollar global gold trade.

Ohio Precious Metals LLC owns one of five refineries in the U.S.-there are 73 world-wide-certified to melt scrap gold and pour it into ingots that can be traded on global markets. OPM’s more than 170 workers process several billion dollars a year in gold and silver headed for banks and jewelers in New York, London and Shanghai.

“Historically, gold refineries have been near production sites, mines or the big financial centers where gold is traded,” says David Jollie, a London-based analyst at gold trader Mitsui Precious Metals. Ohio…

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Coshocton brings home bacon with Kraft 300-job expansion

Kraft Foods in Coshocton is expected to hire 300 additional workers by 2018. Tribune file photo Kraft Foods in Coshocton is expected to hire 300 additional workers by 2018. (Photo: Tribune file photo)

Kraft Foods in Coshocton is expected to hire 300 additional workers by 2018. Tribune file photo Kraft Foods in Coshocton is expected to hire 300 additional workers by 2018. (Photo: Tribune file photo)

Coshocton was the perfect place for the Kraft to move its bacon production, representative Joyce Hodel said, because it already produces about two-thirds of…

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