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Wednesday, January 13, 2010

Potter County Acreage Part Of Drilling BIds Received

Gas drillers bid twice what Pa. budgeted

By Andrew Maykuth and Amy Worden

Inquirer Staff Writers

HARRISBURG - Natural-gas drillers yesterday bid $128.5 million to develop 32,000 acres of Pennsylvania state forests, twice the revenue the state had budgeted, prompting fears of a headlong rush to overrun public lands to tap into the rich Marcellus Shale.

Gas drillers offered an average of $4,020 per acre - almost twice the amount that such leases generated less than two years ago - for the right to extract natural gas from six tracts of state forest in north-central Pennsylvania.

The robust bidding was further proof of the intense industry interest in the Marcellus Shale, a vast underground formation stretching from New York to West Virginia, and whose sweetest spots underlie much of Pennsylvania.

But John Quigley, acting secretary of the Department of Conservation and Natural Resources, regarded the successful auction as a mixed blessing, saying the windfall could further whet the appetite of policymakers to lease public land to derive immediate revenue without fully understanding the long-term environmental implications of gas development.

"As we sit here this afternoon, fully one third of the state forest is now leased for gas exploration," Quigley said in an interview yesterday. "I think that raises some important questions. How much is too much?" More...

15 comments :

Anonymous said...

Now all you bunny lovin tree huggers tell me who is the biggest reaper of the land ? The state cares about money thats it ! So layoff the private land owners that are trying to keep their heads above water !

Anonymous said...

Wow I wish that I was offered 4000 per acre!!

Anonymous said...

This is just more money for our elected officials to pi$$ away on newly created, high paying "jobs" for the politically connected, or, another 2:30 a.m. pay raise for our boys and girls who work so hard for us in Harrisburg.
Mike Fowler
Austin,PA

Anonymous said...

or maybe they will use the money to keep some state parks open this summer so all you "country bumpkins" can recreate while state employees are still working! DUH

Anonymous said...

PLEASE!! 6:27!! No matter how profound your comment might be...it's shot to crap when you throw in "DUH!" Guess there wasn't too much to yours in the first place, but just an FYI!

Anonymous said...

This (country bumkin) doesn't care if every state park is closed ! And oh by the way you can't use (state employees) and the word (work) in the same sentence !

Anonymous said...

What happens when you don't own your OGM's

http://www.splitestate.com/

Anonymous said...

Has anyone really looked into what the state gets in royalties that help keep these parks and such open now. The DCNR has very very strict regulations per the lease terms on the sucessful bidders that doesnt allow these gas companies to do as they please. Just imagine how high your taxes would be if they didnt have royalty money from the last 50 yrs to help with it. Get off your high horse because you didn't get what DNCR got for its land and be glad their helping out the pa tax payers. DRILL DRILL DRILL I wish I had some land to lease I would lease it for $1 an acre if they were gonna drill a weel on my property.

Anonymous said...

I for one am sick and tired of all the slamming of state employees!
Shut down PSP, PennDot, liquor store, state forests, state parks, unemployment office & Welfare office and see what happens! I bet most of you people doing the slamming don't even have to go out of your house every day!

Anonymous said...

shut down PSP? OK!! we really don't need glorified highway patrol, and if this legislation about having to pay for them comes through, no one will be able to afford to live in PA anyway so we wont need them.

Anonymous said...

Let's also remember, it's NOT DCNRs land. It belong to us, the citizens of Pennsylvania. I just hope our State Government understands that these leases won't last forever. We need to budget and save for when they end!

Anonymous said...

"We need to budget and save for when they end!"

Yes a good idea indeed but, if the state takes in 125 million they will spend 200 million. A balanced budget has no place in our govt.

Anonymous said...

"Shut down PSP, PennDot, liquor store, state forests, state parks, unemployment office & Welfare office and see what happens!"

Yes the free market would operate.

It would be a glourious day indeed!

Anonymous said...

9:15 Maybe, for only a week or so, let's have a little respect for PSP. Seeing that one of their members just died trying to help in a domestic dispute, not a glorified highway matter. Just a little advice on empathy!

Anonymous said...

""Shut down PSP, PennDot, liquor store, state forests, state parks, unemployment office & Welfare office and see what happens!"

Yes the free market would operate.

It would be a glourious day indeed!"

You got it!

Forget all forms of Government, WE DON'T NEED IT.

Let bankers and lawyers control everything (and forget oversight and regulations, just more government telling us what to). Once the major corporations can work uninhibited it will all work out O K .




....wait, something doesn't sound right about my post.