How is Ohio Handling Legal Issues Related to Shale Drilling?

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From Smart Business:
By some estimates, oil and gas wells will be pumping $30 billion into Ohio’s economy in 2015, creating 200,000 jobs. All that money and activity also promises to keep attorneys busy.
“Companies are still feeling things out. So far, there have been about 500 permits issued and there are only about 80 producing wells. But 101 permits were issued in March alone. There will be a lot more drilling this year,” says Michael Schottenstein, an associate withKegler, Brown, Hill & Ritter.
As companies look to start drilling, property owners with leases signed when offers were lower want to renegotiate more favorable terms. And some communities continue to fight to keep hydraulic fracturing of shale rock formations, a process also known as fracking, from taking place within their borders.
Smart Business spoke with Schottenstein about current legislation and the outlook for oil and gas well production in Ohio.
Read the interview by clicking here.

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