Honda's Rick Schostek is glad to see number of university students in attendance at the Energy Summit. He emphasizes major strength of #Ohio as its university system. Schostek also notes that there are challenges in reaching the standard of 54 miles per gallon. To get there, they will need for alternative technologies.
Rhonda Reda, Executive Director of Ohio Oil & Gas Energy Education Program (OOGEP), highlights release of OOGEP’s shale report. Reda cites investment in Ohio as indicator that shale play will be very profitable in Ohio. Visit http://bit.ly/nbKLt4 for summary of the OOGEP shale report. For more #shale resources, visit @brickerlaw's shale resource center --http://bit.ly/nxOWVu
Jerry Jordan, Chairman of Knox Energy, praises comprehensive nature of summit. A 45-year veteran of #oil & #gas industry, he has a unique background as geologist and energy lawyer. He states that he is more and more confident that #shale play in #Ohio will be successful. In addition, Jordan emphasizes importance of #oil & gas industry in #Ohio (#shale & conventional drilling operations).
Doug Lawler, VP of Operations for Andarko Oil, notes capital intensive nature of investing in Ohio. Lawler expresses strong support for regulatory scheme in Ohio and potential for large growth in jobs. He also highlights Anadarko's work in Pennsylvania & Texas as examples of what will be happening in Ohio.
Tim McNutt from Dominion East Ohio (DEO) discusses infrastructure needs resulting from shale development in Ohio. McNutt reports Dominion East Ohio has been doing business in Ohio for over a century; serves 1.2 million natural gas customers. McNutt turns attention to the Utica shale - DEO's gathering system is located directly on top of the Utica shale. There's a short term need to connect existing gathering system to processing facilities, says McNutt. After noting long-term need for processing facilities, McNutt focuses on timing associated with regulatory compliance.
Final panel member, Josh Knights, Executive Director of The Nature Conservancy of Ohio emphasizes need for responsible drilling. He supports 'common sense regulation. Knights noted that decisions being made today regarding oil and gas development will be here for decades. He wants to work with the oil and gas industry to mitigate impact to the environment of drilling activities. Knights notes that unconventional drilling requires approximately 4 million gallons of water to frack a single well.
To get up-to-the minute information from the Governor's Energy Summit, follow @brickerlaw on Twitter, or watch live at: http://www.battelle.org/conferences/ohioenergy/