From the Associated Press:
PITTSBURGH (AP) — Allegheny County Executive Rich Fitzgerald says the local airport authority could get a $35 or $40 million upfront payment by leasing public land for gas drilling.
That’s almost double initial estimates.
Fitzgerald says Thursday that a deal with Consol Energy Inc. could also provide another $3 million to $4 million in yearly royalty payments.
The final contract to drill on about 9,200 acres at Pittsburgh International Airport is still being negotiated, Fitzgerald says.
The county chose Consol last month even though its initial bid with $21 million bonus appeared to be lower than one from EQT Corp. But officials said the Consol offer could end up being more profitable over the long term.
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.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
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.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.