WARREN, Ohio – While higher oil and gas prices tied to the conflict with Iran have raised fuel costs for consumers, they are boosting royalty payments for landowners with leases in eastern Ohio’s Utica/Point Pleasant shale. Columbiana County landowners report royalty checks have doubled or quadrupled as commodity prices climb, even though production at many older wells has remained steady or declined.

Plus, construction activity is accelerating across the Mahoning Valley, led by major industrial, health care and residential projects, according to local industry officials.

And the Hampton Inn & Suites in Niles has completed a $2.5 million renovation that updated guest rooms, common areas and amenities in less than 90 days.

Higher Oil Prices, Higher Royalties
Manufacturing and Housing Construction Increases
3 Minutes With: Hampton Inn & Suites Unveils $2.5M Renovation