Small Town - Big Bucks

By
WOUB Contributing Writer

Dateline
Updated Wed, Sep 12, 2012 4:27 pm

Officials with the village of Barnesville have signed a gas drilling lease agreement worth $5.5 million.

Barnesville's Village Council approved the lease agreement that will allow Antero Resources to use 1,047 acres for drilling.

The agreement will give the town $5,700 per acre in addition to 20 percent in royalties.

Barnesville Mayor Ronald Bischof says the agreement is about more than just the money or the land - it's about bringing in jobs and people that are going to stay in Barnesville.

An Antero Resources spokesperson says the company is still interested in acquiring more acreage and will hold a public meeting at 6:30 p.m. Thursday at the Union Local school auditorium.

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