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Drilling industry creates housing demand locally

Greatest impact on rental market

October 21, 2013

PARKERSBURG — The local housing industry has been impacted as the Mid-Ohio Valley experiences a resurgence in the energy market because of drilling in the Marcellus and Utica shale fields....

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(16)

sounder

Dec-25-13 2:48 PM

What goes around comes around or in this case, the influx of construction workers on the second edition to that Muskingum River plant for Ohio Power, the crews in the area building that Tenneco gas pipline near McConnelsville; rental properties where few and far between even spaces with utilities to park those new larger mobile homes. R.V.'s except for camping trailers were in the future. This all took place in the period of time between 1954 to 1957 when we moved from Harrison County down to Beverly. By the way, the relatives in Harrison and nearby Carroll Counties can't believe the money changing hands over gas leases. Shades of over a hundred years ago during the first big energy boom. It won't last.

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Dontyouknow

Oct-23-13 6:23 PM

Like mister sunshine said, the O & G drilling is going to kill everyone. Just like the coal power plant workers, who have retired, and are only living into their late 80 and early 90... Were all doomed....

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JoshBrown

Oct-22-13 10:55 AM

@Random21 I sure hope you got screened for cancer your 66% more likely to have it.As for the workers being hired in the county it's one big lie only 20 people or less have been hired the drug test BS is just that BS.

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RANDOM21

Oct-22-13 8:56 AM

pack up and leave as soon the hours were cut to forty per week. The expense of maintaining two homes kept them on the move.

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RANDOM21

Oct-22-13 8:56 AM

So now the tax rates are too high and taking too much of a bite out of bonuses paid to the mineral rights owners of the land. Seems the now expired tax breaks for "the rich" and the added taxes of Obamacare would have saved these "rich" several thousand in taxes but they need to pay their fair share. You might want to talk to some of the local laborers hired to construct the pipelines but they might be too busy working 12 hour days to talk with you. Labor halls are scrambling to find qualified (drug free) workers that could be hired. They work hard but make decent money and they are from the area. Few people can walk up to the drilling platforms and have any clue as to their operation. This will take time for the training to catch up to the positions, but then those trained workers can replace the travelers who would rather be closer to home in the first place. I worked over thirty years in industrial construction and most travelers followed the boom and would

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AngelBearOH

Oct-21-13 10:58 PM

Notice how the incoming workers and families are opting to rent existing houses rather than have new ones built. Seems they know a little something about how non-permanent their operations are in the MOV.

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JoshBrown

Oct-21-13 10:25 PM

The only people that are getting rich areoil/gas companies.Lets say you get a check for your land say for $250,000 after federal tax 39% state tax at 6% local tax 2% obamacare 3.4% you walk away with $125,000 and land that can never be used for anything but drilling.

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scrappile

Oct-21-13 7:05 PM

Hmmmmm, so its demand creating jobs, needs, oppurtunities, thought that was tax cuts???

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scrappile

Oct-21-13 7:01 PM

How many gas compressor mechanics does it take to keep gas flowing from our area to say, New York City?, New Orleans, the Tidewater area?, or to the destination of the future, high compression container ships going to China....

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thegreek

Oct-21-13 5:17 PM

Maybe the middle and lower classes are moving into the UPPER classes.

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thegreek

Oct-21-13 5:17 PM

Josh Brown. Why would it drive the middle class and lower class out??? Did you ever think that they are moving out of those classes due to increased wealth ??? And why would they die of cancer???Can you prove there is a higher rate of illness among drilling industry workers???I would think OSHA would be very interested if you had proof... Otherwise you are just spewing ignorant comments !!!

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Tessie

Oct-21-13 12:36 PM

As a low-income person, I've found it difficult to find a decent and affordable rental property. I'd like to move from the apartment where I currently live, but there's nothing else available that I can afford. Guess I'm here to stay, even though it's very substandard housing.

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NasCarNut

Oct-21-13 9:42 AM

Price Gouging?? benefiting to excess from a short-term change in the demand curve. In other words, Greed; the new American Way...

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JoshBrown

Oct-21-13 9:36 AM

@Asknot The prices are going to go through the roof over the next few years till they pack up and go home. It's going to drive all the middle class and poor out of the area that can't pay the new rent.

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NasCarNut

Oct-21-13 9:05 AM

So most of the oil workers travel with these drilling companies...I knew when they said there would be Jobs for the local people there'd be very few...You got to give it those good ole boys from Texas, they sure can keep a straight face when they lie right to your face...

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JoshBrown

Oct-21-13 8:21 AM

The funeral home in the area should be marketing to them as well because they will be dying off in 10 years or so from cancer.

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