A comprehensive study conducted by JobsOhio and Cleveland State University (CSU) provides a detailed analysis of the investments made in the natural gas and oil industry. The research delves into upstream, midstream, and downstream investments made by energy companies. These investments play a critical role in the development, refinement, and distribution of natural gas and oil. By understanding the nature and scope of these investments, one can gain valuable insights into the current trends and future prospects of the energy sector.
1. JobsOhio and Cleveland State University (CSU) have conducted a comprehensive study analyzing investments made in the natural gas and oil industry.
2. The research explores upstream, midstream, and downstream investments, which are respectively focused on the exploration/production, transportation/storage/marketing, and refining/selling of natural gas and oil.
3. These investments play a significant role in the development, refinement, and distribution of natural gas and oil.
4. The study gives valuable insights into the current trends and future prospects of the energy sector.
5. By evaluating investment strategy across the three sectors, the study provides a comprehensive understanding of the industry's economic implications.
The study found that from 2011 to 2016, over $50.4 billion was invested in Ohio's natural gas and oil industry.
In detail, the JobsOhio/CSU study provides comprehensive insight into three critical stages of the energy sector - upstream, midstream, and downstream. It measures the level of investment made by the natural gas and oil industry in each sector. The upstream division involves exploration and production initiatives, the midstream sector focuses on transportation, storage, and marketing of the products, and the downstream sector concerns itself with refining and selling the end products. By evaluating the investment strategy across these three domains, the study offers a holistic view of the industry's economic implications.