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Economy and Business


A business EXPO that may help avoid the bust
How to propser in supporting roles in the natural gas industry
by WKSU's TIM RUDELL


Reporter
Tim Rudell
 
Courtesy of Younstown/Warren Regional Chamber of Commerce
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In The Region:

A vortex of boom and bust could be coming with the Utica shale play, and going “mid-stream” may be the best way to navigate it.  WKSU’s Tim Rudell reports on a business expo aimed at keeping jobs in Northeast Ohio after the drilling is done.

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It’s mostly business-to-business.  And the two-day Utica & Natural Gas 2012 Expo that begins in Youngstown this week is expected to draw a thousand visitors.

It is the second annual conference.  But unlike last year, which focused mostly on fracking, this conference is drilling down on what are called “mid-stream” energy businesses; like processing plants and pipelines.  And, it is focused on developing those industries here…as a hedge against fears of an economic bust after the drilling boom. Tony Paglia of the Youngstown/Warren Regional Chamber of Commerce: “Oil and gas drilling takes a finite number of years.  But if you have the mid-stream part, and the supply chain…that’s is really what will drive jobs and investment , and give our area long-term prosperity and growth.”

Some mid-streamers are already locating in eastern Ohio, including a half-a-billion-dollars’ worth of natural gas processing plants in Harrison and Belmont counties.

Related Links & Resources
Utica & Natural Gas Conference and EXPO 2012 website


Related WKSU Stories

Ohio's Utica Shale boom may pick up momentum
Wednesday, August 15, 2012

Three non-water ways to frack a well
Thursday, August 23, 2012

Property owners try the courts
Tuesday, July 3, 2012

Ohio EPA fast-tracks fracking permits
Friday, January 13, 2012

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