March 3, 2025, Press Release from the Ohio Natural Energy Institute: PATASKALA, Ohio - Today, the Ohio Natural Energy Institute released The Essential Facts on Essential Ohio Energy, a new report detailing the immense impact the natural gas and oil industry has on the Ohio economy. Oil and gas play a vital role across all Ohio industries. It’s a key component to running factory lines in Ohio’s thriving manufacturing sector, makes fertilizer for Ohio’s agriculture industry, and is a key reason why Ohio is becoming a blossoming AI and data center hub.
“Ohio’s oil and natural gas industry is an economic powerhouse for the state,” said ONEi Executive Director Bruce Tague. “Through jobs, wages, investments, GDP growth, and more, the revenue generated from the industry is unparalleled.”
Some key highlights from the report:
- Since 2012, cumulative total shale-related investment in Ohio is over $108 billion.
- In 2023, Ohio set a new state record, producing nearly 30 million barrels of oil, compared to 22 million barrels in 2022 – an increase of 35%.
- 1,861 new industry jobs in 2023, compared to 2022 and 16,703 direct oil and gas jobs with a 6.6% growth rate.
- Oil and natural gas accounts for $9.4 billion of Ohio’s GDP.
- Between 2019-2023, the Appalachian Basin has achieved a 52% reduction in methane emissions.
From heating our homes, to keeping gas prices competitive, to powering local innovation and industries, Ohio’s affordable and reliable energy is essential to providing prosperity to our state. This thriving homegrown industry supplies high-paying, family-sustaining opportunities that make life better for every Ohioan. The natural gas and oil industry is indispensable and crucial to maintaining life as we know it.
