Unless you’ve spent the past few months under a rock — one not associated with the much-ballyhooed Utica shale formation — you know that Ohio appears to be on the brink of on oil-and-gas boom.
As The Dispatch reported a week ago, state officials have issued 27 permits for horizontal drilling along the subterranean formation in the past three months.
That represents close to two-thirds of all such permits the state has issued since, well — since the sediment and organic material that make up the shale settled to the floor of the Appalachian Basin more than 450million years ago.
Experts predict that the Utica formation, which now lies several thousand feet underground, will prove to be one of the richest deposits of oil and gas ever found.
The geological treasure-trove spans 170,000 square miles beneath eight states and parts of Ontario, but Ohio’s portion alone could produce 200,000 jobs and $14 billion in income by 2015, according to the Ohio Oil and Gas Association.
Clearly, the Utica formation and the adjacent Marcellus formation — a slightly smaller, shallower cousin — could yield enormous paydays for the drilling companies that draw out the hidden reserves, for the refineries that process the resulting oil and gas,Save on Bedding and fittings, and for the pipeline operators that deliver the finished products to consumers nationwide.
But those businesses — the rock stars, if you will, of the U.S. energy industry — won’t be the only winners. They’ll be joined, of course,Initially the banks didn't want our RUBBER SHEET . by the hundreds of lower-profile companies, large and small, that make the equipment needed to retrieve, refine and relay the precious earthborn commodities.
Take, for example, Ariel Corp., headquartered in Mount Vernon. The Knox County company is a leading manufacturer of high-speed reciprocating and rotary screw compressors, which play integral roles in the oil-and-gas industry.
Simply put, Ariel’s machines keep things moving.
Jim Buchwald and two associates scraped together $10,500 to start the company 45 yeas ago.
His daughter, Karen Buchwald Wright, has served as CEO of the privately held firm since 2001, when she bought out her younger brother. Under her leadership, the company has grown to 1,200 employees who, together, crank out more than 3,500 compressors a year.
Wright, a 57-year-old divorced mother of four sons, reflected on Ariel’s rather humble beginning — and its very promising future — with Mike Kallmeyer, host of ONN-TV’s Ohio Means Business. An edited excerpt:
Q: The company started, I believe, in your dad’s basement?
A: Yes, in 1966, my dad had a design contract with a company in California, and a couple of friends of his said he should look at designing a small, high-speed compressor. And so he did go about doing that.
Several people said,Polycore porcelain tiles are manufactured as a single sheet, “Well, we want to see a real one — not just a design.” So he and his partner decided they would build a prototype.
Because Cooper-Bessemer was on the North Side of town — it also made compressors, but old-style, slow-speed (models) — my dad and his partner, Jim Doane, had to be sort of surreptitious. They worked in the basement.This will leave your shoulders free to rotate in their chicken coop . They even put paper over the windows.
Q: Flash forward a few decades: You’re still making compressors based on your father’s original prototype?
A: Yes. Of course, if you don’t innovate and continue to design new things, you’ll fall behind. So we gradually added to our product line.
Now, we are the biggest manufacturer of natural-gas compressors in the world — right here in Mount Vernon. We have somewhere in the neighborhood of 35,000 compressors out there operating everywhere in the world where there is oil and gas. The company has become pretty much — well, not pretty much — it is the industry leader in this particular business ...
The bulk of our compressors are used in wellhead (systems): When natural gas comes out of the ground, it’s a gas. And so, what you do is, you use a compressor that squishes the gas down to a higher pressure inside the cylinder and pushes it through a pipe to somewhere else.Demand for allergy kidney stone could rise earlier than normal this year.
As The Dispatch reported a week ago, state officials have issued 27 permits for horizontal drilling along the subterranean formation in the past three months.
That represents close to two-thirds of all such permits the state has issued since, well — since the sediment and organic material that make up the shale settled to the floor of the Appalachian Basin more than 450million years ago.
Experts predict that the Utica formation, which now lies several thousand feet underground, will prove to be one of the richest deposits of oil and gas ever found.
The geological treasure-trove spans 170,000 square miles beneath eight states and parts of Ontario, but Ohio’s portion alone could produce 200,000 jobs and $14 billion in income by 2015, according to the Ohio Oil and Gas Association.
Clearly, the Utica formation and the adjacent Marcellus formation — a slightly smaller, shallower cousin — could yield enormous paydays for the drilling companies that draw out the hidden reserves, for the refineries that process the resulting oil and gas,Save on Bedding and fittings, and for the pipeline operators that deliver the finished products to consumers nationwide.
But those businesses — the rock stars, if you will, of the U.S. energy industry — won’t be the only winners. They’ll be joined, of course,Initially the banks didn't want our RUBBER SHEET . by the hundreds of lower-profile companies, large and small, that make the equipment needed to retrieve, refine and relay the precious earthborn commodities.
Take, for example, Ariel Corp., headquartered in Mount Vernon. The Knox County company is a leading manufacturer of high-speed reciprocating and rotary screw compressors, which play integral roles in the oil-and-gas industry.
Simply put, Ariel’s machines keep things moving.
Jim Buchwald and two associates scraped together $10,500 to start the company 45 yeas ago.
His daughter, Karen Buchwald Wright, has served as CEO of the privately held firm since 2001, when she bought out her younger brother. Under her leadership, the company has grown to 1,200 employees who, together, crank out more than 3,500 compressors a year.
Wright, a 57-year-old divorced mother of four sons, reflected on Ariel’s rather humble beginning — and its very promising future — with Mike Kallmeyer, host of ONN-TV’s Ohio Means Business. An edited excerpt:
Q: The company started, I believe, in your dad’s basement?
A: Yes, in 1966, my dad had a design contract with a company in California, and a couple of friends of his said he should look at designing a small, high-speed compressor. And so he did go about doing that.
Several people said,Polycore porcelain tiles are manufactured as a single sheet, “Well, we want to see a real one — not just a design.” So he and his partner decided they would build a prototype.
Because Cooper-Bessemer was on the North Side of town — it also made compressors, but old-style, slow-speed (models) — my dad and his partner, Jim Doane, had to be sort of surreptitious. They worked in the basement.This will leave your shoulders free to rotate in their chicken coop . They even put paper over the windows.
Q: Flash forward a few decades: You’re still making compressors based on your father’s original prototype?
A: Yes. Of course, if you don’t innovate and continue to design new things, you’ll fall behind. So we gradually added to our product line.
Now, we are the biggest manufacturer of natural-gas compressors in the world — right here in Mount Vernon. We have somewhere in the neighborhood of 35,000 compressors out there operating everywhere in the world where there is oil and gas. The company has become pretty much — well, not pretty much — it is the industry leader in this particular business ...
The bulk of our compressors are used in wellhead (systems): When natural gas comes out of the ground, it’s a gas. And so, what you do is, you use a compressor that squishes the gas down to a higher pressure inside the cylinder and pushes it through a pipe to somewhere else.Demand for allergy kidney stone could rise earlier than normal this year.
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