Pennsylvania to lease forest land for gas drilling

[WriteDown]

Source: AP

Pennsylvania leasing 115 sq. miles of state forest to companies chasing natural gas reservoir

HARRISBURG, Pa. (AP) -- One of Appalachia's largest landowners, Pennsylvania's state forestry agency, wants in on any windfall from drilling a potentially lucrative natural gas formation.
More than 74,000 acres, or more than 115 square miles, in three Pennsylvania state forests went up for bid Monday to natural gas companies that are in hot pursuit of the mostly untapped Marcellus Shale gas formation.

The state's Department of Conservation and Natural Resources posted legal notices Monday announcing the lease sale. The department had said earlier this year that it would allow new drilling to resume following a five-year moratorium, a decision that pleased exploration companies and angered environmental groups....



Read more: http://biz.yahoo.com/ap/080714/pennsylvania_gas_drilling.html?.v=1

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They say a lot of farmers are about to become millionaires.

[bushmeister0]

1. I hear there's natural gas under Indepedence Hall, too. Redell ougt to look into that!

[RamboLiberal]

2. Utilities buying up gas leasing rights on a lot of private land as well

Some are getting good extra incomes from this.

[WriteDown]

3. In Shreveport, LA....

They are getting a fortune for this.

[OneBlueSky]

4. methinks the agency is mis-named . . .

Department of Conservation and Natural Resources? . . .

Department of Exploitation of Natural Resources might be a more appropriate moniker . . .

[ohio2007]

5. Isn't that Murtha's 'neck of the woods' ?

Thats where it all started for the Rockefeller's




If Venezuela and Canada can squeeze oil out of sand.....

[Mnemosyne]

6. Assholes. Why don't they uncap all the wells here instead? n/t