Ohio Energy Data Regs Make It One Of Nation"s Least Transparent States

"NEW YORK -- Dozens of wells drilled this year across rural Ohio are quietly pumping out the answer to the U.S. energy industry's most loaded question: Is the Utica shale formation, touted as a potentially $500 billion frontier, a boom or a bust? Yet the answer is likely to remain concealed for some time."

"More than a year after Chesapeake Energy Corp Chief Executive and top Ohio driller Aubrey McClendon declared the Utica to be "the biggest thing to hit Ohio since the plow," investors, landowners and even the federal government are still in the dark over the true pace of oil and natural gas production in the state.

That's because Ohio is one of the nation's least transparent states when it comes to energy data - a distinction the industry worked to maintain this year, according to a review of legislative documents and interviews with state and industry officials."

Edward McAllister and Selam Gebrekidan report for Reuters October 22, 2012.
 

Source: Reuters, 10/23/2012