The figures reported by natural gas giant Chesapeake Energy to state regulators show five Ohio wells producing 2.6 billion cubic feet of natural gas last year.
Experts say hydraulic fracturing has flooded the market with “dry gas,” but “wet gas” remains in high demand. With drilling slowing in some other states, WOSU’s Tom Borgerding examines the natural gas market here in Ohio.
The report from the Ohio Shale Coalition predicts 65,000 jobs from oil and natural gas drilling. Critics cede that fracking will bring jobs, but they say that’s even more reason for tighter regulations.
Ohio attorney general Mike DeWine wants to fine hydraulic fracturing polluters $10,000 a day for violations. The fines would be much higher than what companies now face. Do you think Ohio should increase the penalties for racking polluters?
Hydraulic fracturing, or fracking is a method for extracting oil and natural gas using high pressure fluid to create fractures in the stone surrounding a wellbore.