LIVE VIDEO: Channel 3 News Today    Watch
 

Canton: Chesapeake picks site as base for Ohio operations

6:01 AM, Jul 16, 2012   |    comments
  • Share
  • Print
  • - A A A +

LOUISVILLE, Ohio -- Chesapeake Energy Corp. plans to headquarter its Utica Shale operations in eastern Ohio at new offices near Canton.

The Oklahoma City-based company and other developers have increased their presence in the region amid a natural gas boom as drillers seek to capture rights to tap natural gas in the shale. 

The Repository in Canton reports Chesapeake has bought property at an industrial center in Louisville, about 50 miles southeast of Cleveland.

It's expected to begin building an office there soon.

The company's director of corporate development says it's a centralized site with the space to accommodate Chesapeake's growing operations in eastern Ohio.

City Manager E. Thomas Ault says the investment could mean new jobs and tax revenues for Louisville.

The Associated Press

Most Watched Videos