April 27, 2024

Behind New Generation Mineral Leases: More Money, Less Hazards

CALDWELL, Ohio — The day before they received a $280,000 check for leasing their oil and gas development rights to Eclipse Energy, Arthur and Sharon Stottsberry stopped in Marietta to remind their attorney that they had almost an acre more to lease. I caught up with the Stottsberrys as they were leaving Jennifer Garrison’s office, as ebullient and keyed up as a retired senior couple from this part of southeastern Ohio is likely to get …

Read More

U.S. Energy Boom Lifts Ohio’s Steel Industry: Latest New York Times Article

CANTON, Oh. – Orders for steel from domestic and export markets plunged so low in May 2009 that the Timken Company’s mill here on Faircrest Street operated for just four days that month. Nearly three years later, with demand for steel soaring and the Faircrest mill operating around the clock, Timken started construction in early March on a $200 million, 83,000-square-foot addition to boost the plant’s production. Just as Ohio’s presidential election has accurately predicted …

Read More