Oil and Gas Growth in Canton, the Utica Capital
What’s Going On in the Utica Capital
The recent meeting of the Stark Development Board produced interesting news regarding oil and gas in the Utica Shale. Speakers Matt Hammond, senior director of government relations at Chesapeake Energy in Columbus, and Dr. Para Jones, president of Stark State College, provided that news.
Chesapeake Energy Update
Hammond said that the resizing of Chesapeake Energy under new CEO Robert D. “Doug” Lawler was completed in October, and the company is focused on “growing production in an efficient and cost-effective manner.” Over the course of the year, 1,200 people were separated from the company, most of them at Oklahoma City headquarters but several in Ohio. Chesapeake is now organized as the “company he (Lawler) wanted,” Hammond said.
Chesapeake still has the highest number of drilling rigs in the Utica, an average of 10 to 11 this year. It is concentrating on reducing drilling costs and developing multiple wells on its drill pads. The Eagle Ford Shale in Texas is the most important shale play for the company, Hammond said, but the Utica is a big focus of the company because of its big potential.
The new Ohio operations headquarters in Louisville, Ohio, is scheduled to be completed in February or March, 2014. The building that is being completed will employ 90 to 100 people immediately. If the rig count in the Utica increases, the number of people in Louisville will increase.
Stark State College Update
The Stark State president reviewed the growth of the college and its reach throughout Ohio, and then focused on its oil and gas technical education program. Dr. Jones touched on the downtown Canton campus devoted to oil and gas education, and then said that universities in Europe and Africa, the first being Vilnius University in Lithuania, have inquired about Stark State’s ability to bring its ShaleNet US oil and gas curriculum overseas.
Stark State offers the ShaleNet industry-approved curriculum in partnership with Navarro College of Texas, Pennsylvania College of Technology and Westmoreland County Community College, also of Pennsylvania.
Utica Summit highlights another year of explaining business opportunities that arise from the Utica Shale
We come to work every day at the Utica Capital, Canton, Ohio, to help encourage the growth of the oil and gas business. Here is an update:
Utica Summit II
Utica Summit highlights another year of explaining business opportunities that arise from the Utica.
We're back to business as usual following the Oct. 23 Utica Summit, our biggest undertaking to date. Speakers throughout the eastern United States told our audience of 225 about emerging manufacturing opportunities in chemicals and plastics, about heavy industry and the products they make to serve oil and gas, and about the rapidly expanding market for trucks and other commercial transportation fueled by natural gas.
Our local partner in this production, The Repository, and we at the Chamber are grateful to our sponsors, starting with presenting sponsor J.P. Morgan Chase. Others who made the event possible were Young Trucks of Canton, AutlCare and AultWorks, and the Jackson Kelly law firm.
We also are grateful for the speakers who presented at the summit. They represented: J.P. Morgan Chase, TopLine Analytics, Dow Chemical, The Timken Co., Caterpillar Inc., JobsOhio, Cummins Inc., Frito-Lay Pepsico and Stark Area Regional Transit Authority.
Soon we will be posting the presentations from our speakers, in the same way we have posted the presentations from our upstream and midstream business development seminars.
We also will be announcing a program of oil and gas events for 2014.
View the 2013 Midstream Seminar Presentations
The Canton Regional Chamber of Commerce and Shaledirectories.com are grateful to the many companies that showed support for this educational seminar through their sponsorships. Sponsors were: AultCare and AultWorks, Michael Baker Jr. engineering, Beaver Excavating, BL Companies engineering, Black McCuskey law firm, CESO engineering, Dawood engineering, Furbay Electric Supply, Hammontree & Associates engineering, Jackson Kelly law firm, Mercy Medical Center, The Repository and Rettew engineering.
Contact David Kaminski at our Energy Department
Direct line: 330-458-2059
Here are the PowerPoint presentations from our speakers at the Oct. 9 seminar:
Joining the Canton Regional Chamber gives you access to best in class programs, networking and business-building resources. Learn more about the benefits of becoming a member today!