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Ohio Utica Shale

Pennsylvania bank offers special leasing CDs

By Bob Downing Published: November 30, 2012

From the Pittsburgh Post-Gazette:

First National Bank of Pennsylvania is offering special premium rates on CDs to people leasing land to gas drillers.

Called Gas Lease certificates, customers must open the CDs with a check issued by a gas drilling company or present a gas lease agreement. They also must agree to meet with a private banking or wealth management representative to discuss investment options with the bank.

The yields are slightly higher than normal CDs.

FNB's 90-day gas lease certificate currently pays 0.4 percent and requires a $100,000 minimum deposit. The 12-month version pays 0.55 percent with a $10,000 minimum.

That compares with FNB's regular six-month CD that pays 0.1 percent and 12-month certificate that pays 0.2 percent. Both require a $500 minimum deposit.

The bank has had "modest success" since the program kicked off in early 2011, said spokeswoman Kathy Hammons.

FNB's offer isn't unique, officials said.





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Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

Shale Sheet Fracking, a Youngstown Vindicator blog.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.

Concerned Citizens of Medina County, a grass-roots group.

No Frack Ohio, a Columbus-based grass-roots group.

Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.