Government And School Officials In Southern Ohio Considering Land Leases

By
Associated Press

Dateline
Updated Mon, Mar 12, 2012 8:48 am

Promises of prosperity have made government and school officials in Ohio consider land leases with oil and gas companies seeking to drill with a technique that blasts shale with chemical-laced water.
    
The city manager says Steubenville in eastern Ohio will see a one-time $590,000 payday from a $5,400-an-acre agreement with an oil company.

It also stands to receive a 19 percent royalty on gas or oil extracted from the 110-acre site involved.
    
The engineer's office in surrounding Jefferson County is determining the potential of its properties. And at Hocking College,, a committee is studying a $3 million proposal.
    
Environmental concerns over the hydraulic fracturing drilling process have some officials concerned.

In Athens, city leaders are against deals that would allow drilling in nearby Wayne National Forest.

Tags: