Midstream

work on drilling pad
Tim Rudell / Drillling Pad Construction

Speculation is continuing among analysts and in trade publications that eastern Ohio’s Utica Shale play may be firing up again.  July numbers for things like drilling rig count and infrastructure investment are expected to be up again. 

Pipeline under construction
Tim Rudell / WKSU

After a decade of urging by environmentalists, many banks now have social responsibility  policies for lending, including US Bank. It just modified its policy to put a prominent industry in northeast Ohio on the restricted list.

The bank amended its policy last month to state it "does not provide project financing for the construction of oil or natural gas pipelines. Relationships with clients in the oil and gas pipeline industries are subject to the Bank's enhanced due diligence."