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Natural Gas-Drilling Related Businesses Are Popping Up

June 23, 2013

ST. CLAIRSVILLE — A small village of oil and natural gas-related businesses is springing up along National Road in St. Clairsville at the former Green Barn and Jack’s Floral and Garden Center site....

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Jun-23-13 12:29 AM

Not possible. WVUGEO assures us there is no benefit to the local economy from the shale gas industry.

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Jun-23-13 8:33 AM

Note: They are popping up in Ohio; not WV. Why?

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Jun-23-13 9:01 AM

If she stocks MADE IN USA jeans I will become a steady customer

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Jun-23-13 9:39 AM

How can you be taking a risk with your mineral rights?

Let's say you own 100 acres that you leased out for $4,000 an acre. That is $400,000 upfront, to you. Now, let's say that these 100 acres will bring you $60,000 per year in royalties for the next 15 years. Where is your risk?

Answer: there is none.

What this Flatiron group wants to do is operate much like a check cashing joint or buyers of annuities or lottery winnings-give you a fraction of that money upfront and take your future earnings.

For this to be to your benefit, they have to give you enough money upfront that you can grow those funds, after tax, until they are greater than the money you would have received in royalties.

If I am likely to get $900,000 in royalties over the next 15 years, a rough estimate says that I need at least $600,000 now to have any hope of getting to $900,000 in year 15. The avg. person cannot beat the market.

Avoid these scammers.

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Jun-23-13 11:22 AM

Troll: Noted your comment. This article mentions three, only three, businesses. They aren't "popping up" all over, and three small businesses is a drop in the bucket; and, they are related directly, by and large, to servicing the drilling industry in the Utica, which is a fairly new undertaking. atoddh asked where they were in WV. They might not be there since WV drilling in the Marcellus might already be winding down, as it is in PA. If based on drilling, these several new small businesses will likely be as transient as the drillers they serve. May their owners prosper as long as it lasts. Bless 'em.

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Jun-23-13 11:58 AM

It's great to see tax revenues from the industry on the rise in Ohio! "By contrast, new oil and gas drilling in Ohio is increasing government revenue under the current tax structure and will likely continue to do so for the foreseeable future. While severance tax revenue rose by 2 percent between 2011 and 2012, total taxable economic activity in Carroll County, which is currently benefiting from new energy industry business, rose by 33 percent — resulting in over $300,000 in additional sales tax collections." (MediaTrackers)

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Jun-23-13 12:04 PM

"While activity continued to ramp up in eastern Ohio, new permit issues in neighboring Pennsylvania rebounded from recent 2012 lows. Last year, Pennsylvania brought in over $204 million in fees levied on energy companies for the privilege of maintaining existing drilling operations or starting new wells.

The latest numbers from PDEP show that new permit issues have decreased by 10 percent over the same 30-month period during which Ohio’s new permit issues have gone up dramatically."

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Jun-23-13 12:04 PM

From the Times Reporter article "Sales tax from oil and gas boom boosts economies", "The news is even better in Harrison County. Its sales-tax receipts in January more than doubled during the same time period in 2012, going from $188,000 in 2012 to $437,000 in 2013. “It’s a heck of an increase,” county Auditor Patrick Moore said. “That’s what shocked me.” Counties throughout the Utica and Marcellus shale reservoirs in Ohio have experienced similar increases. A study released in March by Cleveland State University found that what it described as “strong shale counties” saw a 21.1 percent increase in total sales activity in 2012 ($14.9 billion) as compared to 2011 ($12.3 billion). So economic activity is up over $2.5 Billion in the East Ohio region w/ corresponding sales tax increases.

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Jun-23-13 2:12 PM

"They aren't "popping up" all over"

From the Ohio Sec of State's webiste, "Wednesday, February 20, 2013

Secretary of State Husted: 2012 Marks Record Year for Number of New Business Filings in Ohio. COLUMBUS – Secretary of State Jon Husted today announced that the number of new companies that filed in Ohio in 2012 set a record for the state, based on data available. In total, 88,068 new entities filed to do business last year – the most in the state’s 209 year history."

"Husted points to the oil and gas industry growth in the eastern and southeastern portions of the state as one of the factors fueling optimism for those who want to do business in Ohio.

"It is a welcome benefit that we have not had in Ohio for a number of years. It's something that essentially created a growing industry in the state that no one five years ago could have easily foreseen," Husted says the oil and gas industry growth has an uplifting effect on other busin

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Jun-23-13 6:12 PM

Right WVUGEO. Since this article mentions “three, only three” shale gas-related businesses those must be the only ones there are here. Nope, no other gas related business out there.

And not much gas, either. Marcellus is dead, Utica is drying up... May as well pack up, Chesapeake, Range Resources, Chevron, Antero, Shell, Phillips, Trans Energy ... Our resident expert GEO says you uninformed amateurs are wasting your time and your ever-increasing BILLION$ in leases, drilling, pipelines, refineries,...

The anti-gas loons’ desperate, ridiculous attempts to downplay the shale gas boom are downright comical.

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Jun-23-13 8:00 PM

hope they all dry up and blow away. will never deal with them or work with them like I have been asked. they can go to locations where I supply the product.

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Jun-23-13 10:40 PM

So whgfeeling “will never deal with” the gas companies. Except elsewhere.

I’m certain they don’t miss your “product,” whg. Or your attitude. LOL

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