Socrates1
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Major Discovery ? Chesapeake Energy Strikes Oil (and Gas) in Ohio?s Utica Shale | Marcellus Drilling NewsMostly natural gas, and he didn't bring in all that much in taxes on it. Mostly it was the jobs and investments that came.
But still, even if he got a boost from some luck with natural resources, the fact he didn't piss it all away on stupid **** and actually fixed his state speaks volumes.
This is big news in Ohio, where even Gov. John Kasich has already issued a glowing statement about the find.
Here is the relevant section from Chesapeake’s quarterly earnings report that has created a big splash in Ohio: Chesapeake believes that its industry-leading 1.25 million net leasehold acres in the Utica Shale play could be worth $15 – $20 billion in increased value to the company.