Oil and gas well drilling reached a modern-day low in Ohio last year. But most experts see that trend reversing as development of shale formations in eastern Ohio begins to ramp up, reports The Plain Dealer.
Ohio Department of Natural Resource records for 2010 show a lull in new well drilling activity across Ohio, likely brought on by wholesale natural gas prices, which have dropped more than 50 percent since 2008. But many see a drilling boom on the horizon as energy companies fan out across the eastern Ohio countryside to sign leases for land atop energy-laden Utica and Marcellus shale formations.
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