YRPHeader2013fullrounded

Thursday, September 18th, 2014
Current Time 8:05:21am
Thursday, 12 June 2014 09:31

Belmont County inks $3.5 million drilling lease deal

Written by 

 

Rice Energy reaches another multi-million dollar agreement with county officials

 


BELMONT COUNTY, Ohio -- The Belmont County Commissioners reached another multi-million dollar mineral rights leasing agreement during their regular meeting Wednesday.

 

The commissioners said that the deal with Pennsylvania-based Rice Energy will initially net the county around $3.5 million. The lease agreement concerns 424 acres in the county, and also includes 20-percent royalties.

Commissioner Matt Coffland said that Rice Energy is quickly becoming a neighbor and corporate resident in Belmont County. In April, the commissioners reached a separate agreement with Rice Energy for around $3 million.

Rice Energy President and COO Toby Rice said Belmont County is one of the most actively drilled counties. Last month, drilling industry officials announced that Belmont County is home to the best-producing natural gas well in the state.

 

Last modified on Wednesday, 09 July 2014 10:51
AVC News

Email This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Free Text Alerts
  • Facebook Links
  • Twitter Feeds

Get Text Message Local News Alerts and Local HS Sports  Scores on Your Cell Phone!

YourRadioPlace.com will alert you to the latest breaking LOCAL news, weather school closings and local HS sports scores for all the games we broadcast via Text Messages to your cell phone or PDA! Sign up now for this FREE service! (Message and Data Rates May Apply - See details under read more link)

AVC Local News Alerts:   Text keyword: AVCNEWS to 41411
Local HS Sports Scores:  Text keyword: AVCSPORTS to 41411

Message and data rates may apply. To Opt-out text STOP to 41411. For more information text HELP to 41411.

Follow us on Twitter!

AVC News - Daily Local Headlines and Alerts

AVC Sports - Local HS Sports Scores

Popular Articles...