The Economy & Business

Business & Technology
10:27 am
Fri February 17, 2012

Marcellus Gas Production and Recycling Rise

karathepirate

Production of Marcellus Shale natural gas in Pennsylvania rose again in the second half of 2011, slightly
exceeding projections.

The state reported Friday that drillers produced the equivalent of 1.66 billion cubic feet of gas per day from July to December.

That's up from about 1.19 billion cubic feet per day in the previous six months.

That translates into a yearly average of about 1.42 billion cubic feet per day. That's up slightly from previous industry projections of 1.3 billion for 2011.

Business & Technology
5:05 pm
Wed February 15, 2012

Delta Air Lines Plan to Cut Dayton Service

Flickr Creative Commons user davipt

Delta Air Lines plans to cut flight service from Dayton to New York beginning in July.

The move upsets Dayton-area business and government officials, who claim that it will negatively impact business in the region.

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Business & Technology
10:42 am
Tue February 14, 2012

Governor to Tout Business Expansions in SW Ohio

Ohio's governor plans to join in announcements of the expansions of two businesses based in the Cincinnati area.

Gov. John Kasich has stops Tuesday in suburban Loveland and in downtown Cincinnati.

In the first, he'll be at Bioformix, a company that makes and distributes environmentally sensitive adhesives, coatings, sealants and ink.

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Business & Technology
5:00 pm
Mon February 13, 2012

General Electric to Open New Dayton Plant

General Electric's aviation unit plans to open a plant in Dayton next year.  The Dayton Daily News reports that two other plants in Mississippi and Alabama will be open next year, which will create over 400 new jobs at all three locations.

The company says it's part of a $580 million investment in its aviation business over the next five years.  GE also says it will hire 12,000 new workers over the next several years, including 5,00 veterans, as part of its expansion.

Business & Technology
8:36 am
Mon February 13, 2012

Drillers Cut Natural Gas Production as Prices Drop

As natural gas prices continue to drop, the recent nationwide boom in drilling is slowing.

Several companies have said in recent weeks they plan to cut back production, but experts say the low prices are also opening up new markets.

Kathryn Klaber, president of the Marcellus Shale Coalition, says there will be fewer natural gas wells drilled in 2012.

Yet Klaber says that even as drillers are pressured by low prices, the cost creates opportunities for more people and industries to use the product.

 

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