8/1/2012




                                                  HELPING LANDOWNERS NAVIGATE THE
                                                                        SHALE GAS BOOM

Hogan,* M.P.1, Landefeld, M.A.2, Little, R.C.3, Penrose, C.D.4,   Significance:
Schumacher, S.D.5
1. Extension Educator, Ohio State University Extension, 135
Main St., Wintersville, OH 43953
                                                                  The leases Ohio landowners sign today will
2. Extension Educator, Ohio State University Extension, 101       impact the value of their farmland, the use of
N. Main St., Woodsfield, OH, 43793                                the land, their water, land encumbrances,
3. Extension Educator, Ohio State University Extension, PO
Box 300, Old Washington, OH, 43768                                family relations and their economics for
4. Extension Educator, Ohio State University Extension, PO        possibly generations. A study conducted by
Box 179, McConnelsville, OH, 43756
5. Extension Educator, Ohio State University Extension, 101       Ohio State University, Cleveland State
N. Market St., St. Clairsville, OH, 43950                         University, and Marietta College projected
                                                                  economic impact and opportunities associated
                                                                  with the development of oil and gas resources
                     Abstract                                     in Ohio. This study projects annual production
In less than a year, landowners in Eastern Ohio                   of oil and gas from the Utica Shale will grow to
have received billions to lease their land for                    $9.6 billion in 2014. In addition, shale
production of oil and natural gas from shale                      development is also projected to support
deposits beneath their land. In the coming years,                 65,680 jobs and generate an additional $3.3
many more billions will flow to these landowners in               billion in labor income.
the form of royalties for the oil and gas extracted
from their land. While this infusion of cash has been
beneficial, these families needed a wide range of
new knowledge and skills to help them make sound
decisions that will affect their families and their heirs                                                                   OSU Future Efforts;
for generations. Additionally, communities and
public officials also needed to learn how to address                                                                           Team driven,
a wide range of community infrastructure issues. A
comprehensive educational program for                                                                                   developing specific
landowners, communities, and public officials was                                                                       programs and research to
developed to meet these educational needs. These                                                                        address individual and
educational programs have reached thousands of
individuals who own hundreds of thousands of                                                                            community needs. Clientele
                                                                  •Ohio State University Extension has formed a
acres. Participants reported that they received
                                                                  Shale Energy Education Work Group to serve as
                                                                                                                        identified issues include;
higher lease payments and increased their
                                                                  the primary entity to coordinate pubic outreach and   water protection, financial
knowledge as a result of participating in the
workshops.                                                        education. Extension Educators have conducted         planning, right-of-way, tax
                                                                  more than 112 programs reaching over 12,000           implications, roads,
                                                                  participants.                                         environmental and
                                                                                                                        community implications.




                                                                                                                                                            1

Hogan oil gas poster2

  • 1.
    8/1/2012 HELPING LANDOWNERS NAVIGATE THE SHALE GAS BOOM Hogan,* M.P.1, Landefeld, M.A.2, Little, R.C.3, Penrose, C.D.4, Significance: Schumacher, S.D.5 1. Extension Educator, Ohio State University Extension, 135 Main St., Wintersville, OH 43953 The leases Ohio landowners sign today will 2. Extension Educator, Ohio State University Extension, 101 impact the value of their farmland, the use of N. Main St., Woodsfield, OH, 43793 the land, their water, land encumbrances, 3. Extension Educator, Ohio State University Extension, PO Box 300, Old Washington, OH, 43768 family relations and their economics for 4. Extension Educator, Ohio State University Extension, PO possibly generations. A study conducted by Box 179, McConnelsville, OH, 43756 5. Extension Educator, Ohio State University Extension, 101 Ohio State University, Cleveland State N. Market St., St. Clairsville, OH, 43950 University, and Marietta College projected economic impact and opportunities associated with the development of oil and gas resources Abstract in Ohio. This study projects annual production In less than a year, landowners in Eastern Ohio of oil and gas from the Utica Shale will grow to have received billions to lease their land for $9.6 billion in 2014. In addition, shale production of oil and natural gas from shale development is also projected to support deposits beneath their land. In the coming years, 65,680 jobs and generate an additional $3.3 many more billions will flow to these landowners in billion in labor income. the form of royalties for the oil and gas extracted from their land. While this infusion of cash has been beneficial, these families needed a wide range of new knowledge and skills to help them make sound decisions that will affect their families and their heirs OSU Future Efforts; for generations. Additionally, communities and public officials also needed to learn how to address Team driven, a wide range of community infrastructure issues. A comprehensive educational program for developing specific landowners, communities, and public officials was programs and research to developed to meet these educational needs. These address individual and educational programs have reached thousands of individuals who own hundreds of thousands of community needs. Clientele •Ohio State University Extension has formed a acres. Participants reported that they received Shale Energy Education Work Group to serve as identified issues include; higher lease payments and increased their the primary entity to coordinate pubic outreach and water protection, financial knowledge as a result of participating in the workshops. education. Extension Educators have conducted planning, right-of-way, tax more than 112 programs reaching over 12,000 implications, roads, participants. environmental and community implications. 1