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.
In addition to strong infrastructure, Ohio also has a favorable geology which allows the waste water generated from hydraulic fracturing to be injected underground.  This is a major relief for drillers who do not have this option in plays in Pennsylvania where waste water has to be processed and let into rivers causing problems.
Some explorers have resorted to transporting the waste water to Ohio so that it can be injected into the ground.
It will be interesting to see how Ohio will react to major oil drilling. Their surrounding states have limited drilling actions and some not even allowing it in certain areas. This next year will be very telling for the future of the oil industry in Ohio.
Quotes taken from report by the Trefis Team, Read the entire article here.
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