News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Area Agency on Aging 10B, Inc.

NOCHE

Greater Akron Chamber


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Louisville gets Chesapeake Energy office

by WKSU's MARK URYCKI


Senior Reporter
Mark Urycki
 
Chesapeake well in Carroll County
Courtesy of Rudell
Download (WKSU Only)
In The Region:

The small Stark County town of Louisville will be the site of Chesapeake Energy’s field office for oil and gas drilling in Ohio. Oklahoma-based Chesapeake already has offices in Canton, Columbus and other Ohio spots. But many of those jobs will be consolidated once construction at a largely undeveloped industrial park in eastern Stark County is done.   WKSU’s Mark Urycki reports that Louisville’s city manager is hoping for spinoff benefits.  

Click to listen

Other options:
Windows Media / MP3 Download (2:09)


Louisville City Manager Tom Ault says his town created a 290-acre industrial park two years ago with help from former-Governor  Ted Strickland’s administration.

“Never did we imagine that the entire site would go to one user like this.” 

Chesapeake names its field offices after geologic formations, not states or cities. This one will be the Utica Field office because that’s the shale formation Chesapeake and other drillers plan to tap most often for oil and gas in Ohio.

The company isn’t saying how many employees will work at the Louisville site but it is planning to construct several buildings.  Ault says the city will give the energy company a tax abatements based on the number of employees.

"The only tax incentive provided to the company is a credit against income tax withholding.   They will get 25% of the income taxes that they pay through withholding back over a period of ten years beginning in 2016. “

While most of the Chesapeake jobs are already in the region, Ault expects spinoff jobs to be created in his city of 92-hundred people.

“Support-type businesses: pipe, welding, the type of things they’re going to have to maintain their equipment and vehicles. We know there’s going to be a great number of truck-driving jobs in the this area as a result of this.”

 Chesapeake spent about 2 billion dollars to get mineral rights to more than a million acres in Ohio. But the company is also facing a  multi-billion-dollar budget problem, and is trying to deal with that by auctioning off nearly a third of that acreage  and by renegotiating some of the leases it plans to hold onto. 
Listener Comments:

Wanting to sell my duplex make a good place for the Chesapeake Energy employees


Posted by: shaton patterson (louisville oh) on July 3, 2013 10:07AM
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Bridgestone exec indictments are latest step in a billion-dollar price-fixing case
Why is O.P.E.C Not investigated and charges brought against it and it's member companies? It sounds exactly the same...

Ohio's new drilling rules rely on known earthquake faults
requiring drillers to place seismic monitors when they drill within 3 miles of known fault lines. This comment really upsets me!! What good does an instrument t...

Kasich's gubernatorial ad focuses on his blue-collar roots
John Kasich is the biggest con-man in America. He will say one thing and then do the opposite. He is terribly successful at fooling the public and he is worki...

Cab drivers who refuse to drive Gay Games taxis will be replaced
the irony is that most americans distrust or hate muslims much more than they hate gays!! silly ignorant bigots-GO HOME!!!

New transportation companies come to Cleveland
Ride-sharing companies are breaking laws and regulations every day. From regulatory fee evasion to use of smartphone while driving (and even two smartphones(!) ...

Cleveland anti-poverty agency executive resigns amid financial probe
That committee won't be too independent. He plans to stay on until after the new appointee is chosen.

How can you wipe a criminal record clean?
Great article! NO CLINIC in May 2014, however, because it's graduation month for students For the next dates of the FREE Legal Clinic to help with Expungment,...

Drilling remains suspended while ODNR investigates NE Ohio earthquakes
Flaring and lights, so has all been halted? Also, smell of HS2 and sounds of an auger/drilling/water rushing underground. So, has all been halted? In light of t...

Will the Ohio River carry fracking wastewater?
Texas $ vs. WV citizens . Who will our governor listen to?

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University