Oil and Natural Gas Factsheet

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The Columbus Region is a thriving metropolitan area with a population of 2 million across eleven counties. It offers a large inventory of industrial sites at one of the lowest average lease rates, while providing superior workforce, infrastructure and market coverage in the Utica Shale play. BRING YOUR COMPANY TO A PLACE THAT KNOWS A THING OR TWO ABOUT BUILDING SOMETHING SPECIAL. DISCOVER THE GREAT PEOPLE, CONDUCIVE ENVIRONMENT AND ACCESSIBLE LOCATION OF THE COLUMBUS REGION. ASSETS - KPMG and Ernst & Young confirm that the State of Ohio has the most competitive corporate tax climate in the Midwest. - Two Class 1 railroads, numerous shortline railroads, and four intermodal yards capable of more than 600,000 lifts per year. - Comprehensive interstate network connects the Columbus Region to the rest of the Marcellus and Utica Shale. - Over 251 million square feet of industrial space and available property averaging a direct asking rate of $2.70/SF. - Average industrial power cost of $.067/kwh. - 155 daily flights to 33 destination airports from Port Columbus International Airport. It handles more than 6 million passengers a year. - The Columbus Region is home to more than 100 existing oil and gas supply chain companies. - More than 60 million people within a 300 mile radius. - Affordable housing market where less than 8% of income is used for rent. - The Columbus areas apartment vacancy rate is 6.4 percent, outpacing the 4.9 percent U.S. rate. INSTITUTIONAL RESOURCES - Edison Welding Institute (EWI), North America’s leading organization dedicated to the research and development of welding and materials joining technologies. - Battelle, the world’s largest contract research and development organization, is powering the next generation of technology innovation for the oil and gas industries by delivering technical services in industrial processes, environmental management and impact mitigation, engineering designs, and project management. - The Ohio State University ranks second nationally in industry-led research. The Ohio Manufacturing Institute is a resource to help solve manufacturing problems, develop new processes, and champion research in new manufacturing areas. - The Columbus Region Logistics Council consists of over 100 private-industry members focused on the growth of the Columbus Region’s logistics capabilities. WORKFORCE - Labor pool of close to 1 million. - 5.2% private sector workforce unionization rate; below the national average of 6.9% and 14th lowest among the 62 Midwest metro areas with at least 50,000 employees (Unionstats, 2010). - 1,800 manufacturing establishments with 80,000 employees. - 4,377 logistics establishments employing more than 70,000. - Columbus MSA manufacturing workers average $114,879 of output, more than their counterparts elsewhere in the state. - The Columbus Region experienced a 43% increase in manufacturing productivity (output per worker) between 2001 and 2010. - The Ohio State University’s College of Engineering enrolls 6,118 undergraduate and 1,537 graduate students (2010 enrollment). OIL AND NATURAL GAS FACTSHEET

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This factsheet shows the availability of oil and natural gas in the Columbus region, as well as available workforce and distribution outlets.

Transcript of Oil and Natural Gas Factsheet

Page 1: Oil and Natural Gas Factsheet

The Columbus Region is a thriving metropolitan area with a population of 2 million across eleven counties.

It offers a large inventory of industrial sites at one of the lowest average lease rates, while providing

superior workforce, infrastructure and market coverage in the Utica Shale play.

BRING YOUR COMPANY TO A PLACE THAT KNOWS A THING OR TWO ABOUT BUILDING SOMETHING SPECIAL.DISCOVER THE GREAT PEOPLE, CONDUCIVE ENVIRONMENT AND ACCESSIBLE LOCATION OF THE COLUMBUS REGION.

ASSETS

- KPMG and Ernst & Young confirm that the State of Ohio has the most competitive corporate tax climate in the Midwest.

- Two Class 1 railroads, numerous shortline railroads, and four intermodal yards capable of more than 600,000 lifts per year.

- Comprehensive interstate network connects the Columbus Region to the rest of the Marcellus and Utica Shale.

- Over 251 million square feet of industrial space and available property averaging a direct asking rate of $2.70/SF.

- Average industrial power cost of $.067/kwh.

- 155 daily flights to 33 destination airports from Port Columbus International Airport. It handles more than 6 million passengers a year.

- The Columbus Region is home to more than 100 existing oil and gas supply chain companies.

- More than 60 million people within a 300 mile radius.

- Affordable housing market where less than 8% of income is used for rent.

- The Columbus areas apartment vacancy rate is 6.4 percent, outpacing the 4.9 percent U.S. rate.

INSTITUTIONAL RESOURCES

- Edison Welding Institute (EWI), North America’s leading organization dedicated to the research and development of welding and materials joining technologies.

- Battelle, the world’s largest contract research and development organization, is powering the next generation of technology innovation for the oil and gas industries by delivering technical services in industrial processes, environmental management and impact mitigation, engineering designs, and project management.

- The Ohio State University ranks second nationally in industry-led research. The Ohio Manufacturing Institute is a resource to help solve manufacturing problems, develop new processes, and champion research in new manufacturing areas.

- The Columbus Region Logistics Council consists of over 100 private-industry members focused on the growth of the Columbus Region’s logistics capabilities.

WORKFORCE

- Labor pool of close to 1 million.

- 5.2% private sector workforce unionization rate; below the national average of 6.9% and 14th lowest among the 62 Midwest metro areas with at least 50,000 employees (Unionstats, 2010).

- 1,800 manufacturing establishments with 80,000 employees.

- 4,377 logistics establishments employing more than 70,000.

- Columbus MSA manufacturing workers average $114,879 of output, more than their counterparts elsewhere in the state.

- The Columbus Region experienced a 43% increase in manufacturing productivity (output per worker) between 2001 and 2010.

- The Ohio State University’s College of Engineering enrolls 6,118 undergraduate and 1,537 graduate students (2010 enrollment).

OIL AND NATURAL GAS FACTSHEET

Page 2: Oil and Natural Gas Factsheet

OIL AND NATURAL GAS FACTSHEET

CHANGING UTICA SHALE’S PLAY

Ohio geologists have changed the boundaries of the Utica shale “play,” the region believed to yield the most potential natural gas, propane, butane, ethane and oil. The changes follow new conventional oil and gas wells.