YRPHeader2013fullrounded

Monday, April 21st, 2014
Current Time 3:30:58am
Mike McKay

Mike McKay

PIEDMONT, Ohio -As we've reported, the board of the Muskingum Watershed Conservancy District has announced a 50% reduction in assessment taxes due to a deal with area oil and gas companies.
 
More on that deal has now been released.
 
According to reports, the agreement is worth around $15,000 per acre - an amount more than twice the previously known high payment for Marcellus and Utica shale exploration in the Upper Ohio Valley - Antero Resources is expected to d drill on more than 6,300 acres at Piedmont Lake.
 
The resulting payment of nearly $95 million to the MUSCD - not including the 20 percent of production royalties that will come once Antero begins extracting oil and gas from the property - this money will  help the district reduce the amount of taxes it collects from eastern Ohio landowners.
 
During the Friday meeting, members voted to approve the lease with Denver-based Antero.   The Wheeling Intelligencer and News-Register report that another 300 acres of the Piedmont property is being finalized to be added to the lease later. The vast majority of the lake itself lies in northwestern Belmont County, and stretches into southern Harrison County as well as  the extreme northeastern corner of Guernsey County.
 
District leaders said they followed the same public input process prior to leasing Seneca Lake property in Guernsey and Noble counties in 2013, also to Antero. 

Sunday, 20 April 2014 09:28

Cambridge Boil Order

 

Boil Advisory for Eastern portion of City
Sunday, 20 April 2014 09:12

Byesville,Jackson Twp Spring Clean Up

Annual event April 28-May 2
Thursday, 17 April 2014 20:39

Rolling Hills Preparing for New School Year

 

Personnel approved, projects scheduled

 

Move "puts district at risk financially"
Tuesday, 15 April 2014 20:53

Cambridge School Board Looking Ahead

Personnel approved for 2014-15, bad financial news announced
Thursday, 10 April 2014 08:17

New Oil and Gas Housing Coming to Byesville

 

Ground to be broken in summer 2014
 
Monday, 07 April 2014 09:39

Last Day for Primary Registration

Extended hours set at local administrations
 
Sunday, 06 April 2014 08:56

Noble Co. Boil Order Canceled

Boil Order lifted for Clear Water Corp. customers
Sunday, 06 April 2014 08:49

Campground B&E's Reported

Five reports filed Saturday
Page 1 of 4
  • 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...