Get Your Share of Utica Shale Money

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From the Coshocton Tribune:
Landowners in Ohio could be getting a major windfall during the next few years. The infusion of Utica Shale wealth could have an impact on all of our lives for years to come. Williamsport, Pa., and Williston, N.D., are booming right now.
Ohio has been producing oil since 1884, and 64,000 wells currently producing according to www.ohiogeology.com. Fracking has been going on since the 1950s, but new technology has made it easier to extract oil and gas now. It used to take 16 wells all spread out on a square mile. They now can reach the same ground with five wells in one part of the square mile. This technology could make the Utica-Point Pleasant Shale Play very profitable in this area.
Ohio Oil & Gas Energy Education Program estimates 204,000 newjobs could be supported by this oil boom. This would bring in billions of dollars to Ohio and millions of dollars to local government tax revenues.
So what does this have to do with you? If you are a landowner, you stand to make a profit by leasing your mineral rights and collecting royalties. If you do not know what to do, make sure you contact a good attorney, CPA andfinancial planner to help you with this unexpected wealth.
What if you do not own land? Localbusinesses could have profits soar as people that work here need products and services. One company out of Williamsport, Pa., is opening up an office in Cambridge to capitalize on the westward boom. Start looking at ways to position yourself to help service the oil companies now.
What if you don't have a job? Start making yourself marketable. Go get a CDL so you can drive a truck. Enroll in the Safeland training. Ohioshale info.com and OOGEEP.org have lots of information on the industry. If you missed out on the internet boom 12 years ago and the real estate boom seven years ago, don't miss out on the Utica Shale boom in Ohio.
Scott L. Webb is the owner of Webb Financial Group LLC and can be reached at scott.webb@lpl.com, (740) 454-6113 or www.webb financialgroupllc.com.

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