Pittsburgh Airport Approves Huge Gas Drilling Deal
From WPXI:
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The Allegheny County Airport Authority approved a deal Friday with Consol Energy that could be worth $500 million for rights to drill for natural gas and oil at Pittsburgh International Airport.
Under the deal, Consol will pay a signing bonus of $50 million and then pay 18 percent royalties on future production. Officials expect the royalties to total $450 million over the next 20 years, though that figure isn't guaranteed.Read the whole story here.
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