Anadarko and Chevron Gear Up for Major Fracking in Ohio
Ohio hasn’t been quite so much in the center of the fracking debate. However, it may begin to be considering that big oil is about to make their mark on the state. Chevron and Anadarko are prepping to do some major drilling in Ohio in the next year. The Trefis Team explains why Ohio and some details about the plan.
Shale deposits in Ohio have drawn significant interest from major industry players owing to the location’s suitability. Ohio, once the home of Standard Oil, has a well-connected network of pipelines and waterways that help transport output to the markets with ease.
Transportation has been a major bottleneck for the shale industry development in the Bakken shale in North Dakota where producers have to rely on the intermittent rail transport. The state of Ohio is expected to produce 200,000 barrels of crude/day by 2020, helping Chevron and other players improve their domestic production."
Read the entire article here: http://turnkeyoil.com/2011/12/30/anadarko-and-chevron-gear-up-for-major-fracking-in-ohio/