RE:RE:RE:RE:RBC IS IN OVER DRIVE POSITIONING THE FILES B4 GO TIME!Take that to the bank..major buying op. Just ask yourself what do you think will happen if ....WHEN
.....they punch through that reservoir???
EXACTLY!! We are in OHIO, use to be the largest producers.
The petroleum industry in Ohio dates from 1859. Ohio continues to produce significant quantities of oil and gas, having produced more than 1 billion barrels of oil and 9 trillion cubic feet of natural gas since 1860. Unconventional resources, primarily in eastern Ohio, are likely to increase production in Ohio. In late 1859, blacksmith William Jeffrey drilled the first well in Ohio specifically intended to produce petroleum. This well is located in Mecca Township, Trumbull County, northeast of Warren.[1][2] In 1860, similar activity occurred in Macksburg.
The Ohio Oil Rush
Oil production climbed year after year, especially after major oil and gas reserves were found in Wood County in northwest Ohio in the 1880s. From Toledo to Lima and into Indiana, the Bowling Green Fault fractured the Trenton Formation limestone, in which hydrocarbons were trapped by overlying rock. In 1891, the likely first overwater drilling operations in the world occurred in Grand Lake, where more than 100 wells were drilled in less than 10 years.
In 1883, Ohio ranked fifth among oil-producing states, behind Pennsylvania, West Virginia, New York, and California; its total production of 47,000 barrels of oil that year was less than one percent of the nation's oil output. But Ohio production climbed rapidly, and in 1895 Ohio became America's leading oil-producing state. Ohio oil production peaked in 1896 at 24 million barrels, but Ohio continued as the leading oil state until 1902, when that title was taken by Oklahoma.
] The Trenton limestone produced more than 380 million barrels of oil and 2 trillion cubic feet of gas, peaking in 1896 at 23.9 million barrels of oil