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Pittsburgh airport OK's $500M gas drilling deal

WOWK-TV -- PITTSBURGH (AP) - The Allegheny County Airport Authority has approved a $500 million deal with Consol Energy for rights to drill for natural gas and oil at Pittsburgh International Airport.

The authority board approved the deal Friday.

Consol in December initially bid $20.8 million for drilling rights, which will include ongoing 18% royalties. County officials say the energy firm later agreed to increase its initial payment to $50 million and the royalties are expected to bring in $450 million more over the next 20 years. Consol is expected to drill at least 50 wells over 9,000 acres of land.

Airport officials want to use at least some of the revenue to lower gate fees in hopes of attracting more flights to the airport about 10 miles west of the city.


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Submitted Feb 09, 2013 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Pittsburgh airport OK's $500M gas drilling deal Back to Topics
REPLIES (newest first) Post a Reply
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jrs4125
Champion Author Indiana

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Message Posted: Feb 10, 2013 2:18:57 AM

Alrighty then
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A_NY_Outlaw
Champion Author Albany

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Message Posted: Feb 9, 2013 9:11:27 PM

Get it going.
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humblepie
Champion Author Toledo

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Message Posted: Feb 9, 2013 8:59:33 AM

would be stupid not to
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peabeax55
All-Star Author Atlanta

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Message Posted: Feb 9, 2013 6:26:56 AM

I want to see the Youtube videos of pilots negotiating around burnoff flares.
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APlus
Champion Author San Antonio

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Message Posted: Feb 9, 2013 5:51:14 AM

Good win/win for everyone.
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doeslayersr
Champion Author Illinois

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Message Posted: Feb 9, 2013 5:47:30 AM

Good.
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brbaritone
Champion Author Virginia

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Message Posted: Feb 9, 2013 5:29:24 AM

Natural gas drilling did wonders for revenue at DFW Airport in Dallas. They have been able to finance all sorts of improvements and upgrades.
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turboz2012
Champion Author Charleston

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Message Posted: Feb 9, 2013 4:56:31 AM

More jobs is good.
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Eagle3236
Champion Author Missouri

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Message Posted: Feb 9, 2013 4:50:10 AM

DRILL BABY DRILL!
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skippypa
Champion Author Hawaii

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Message Posted: Feb 9, 2013 3:16:56 AM

Go for it
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que47
All-Star Author Virginia

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Message Posted: Feb 9, 2013 3:04:58 AM

UseLessGasFolks - I know, I LOVE that view of the city!
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comprof
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Message Posted: Feb 9, 2013 1:00:01 AM

Good!
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carloco75
Champion Author Richmond

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Message Posted: Feb 9, 2013 12:42:13 AM

I didn't think such an agreement would...
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Amplion
Champion Author Oregon

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Message Posted: Feb 9, 2013 12:16:23 AM

I AGREE WITH Foxt
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mrjames1818
Champion Author New Jersey

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Message Posted: Feb 9, 2013 12:09:25 AM

kd5kpd = BIG Ditto
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sprocketsplines
Champion Author Washington

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Message Posted: Feb 9, 2013 12:05:40 AM

The oil rigs will have to be equipped with warning lights for aircraft.
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otherdave
Champion Author Indiana

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Message Posted: Feb 9, 2013 12:00:39 AM

Oil slick on runway 23.
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wally52
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Message Posted: Feb 8, 2013 11:59:32 PM

I think you are waiting for a disaster to happen.
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kd5kpd
Champion Author Texas

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Message Posted: Feb 8, 2013 11:57:38 PM

Drilling for more AMERICAN resources to sell overseas for huge profit while our prices keep climbing, aint that fan fricking tastic!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Edited by: kd5kpd at 2/9/2013 1:58:31 AM EST]
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UseLessGasFolks
Champion Author Iowa

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Message Posted: Feb 8, 2013 11:55:02 PM


Fly in there often. I love when you come out of the fort pitt tunnel and the steel city is laid out in front of you.
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52MPG
Champion Author Dayton

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Message Posted: Feb 8, 2013 11:47:24 PM

Oil drilling rigs may not be healthy for low flying aircraft.
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TIGERPAW46
Champion Author Florida

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Message Posted: Feb 8, 2013 11:46:19 PM

There was a Natural gas excess last winter & massive Shale oil well output. Now they say nat. gas prices has gotten high & they still want permission from Congress to Export it, so they can raise the price more. Write your Congressmen to say no or limit Export to only what can't be sold in the USA WITH A PERCENTAGE EXCESS KEPT IN THE USA TO KEEP PRICES BELOW EXPORT / WORLD PRICES.
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KrsnaDragon
Champion Author Montreal

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Message Posted: Feb 8, 2013 11:43:34 PM

Good news, although I'd like an update after the revenues begin coming in since they say they want to lower fees.
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PetroScopper
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Message Posted: Feb 8, 2013 11:42:10 PM

Hopefully that will translate to some major improvements to a not very nice looking and outdated airport.
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rd2000
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Message Posted: Feb 8, 2013 11:40:07 PM

good for them
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Foxt
Champion Author Minnesota

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Message Posted: Feb 8, 2013 11:39:05 PM

Somehow it sounds like a major disaster was about to happen in the future.
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GasHunter0007
Veteran Author California

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Message Posted: Feb 8, 2013 11:37:11 PM

go for it. don't expect your fees to go down, however.
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AskMeLater
Champion Author Amarillo

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Message Posted: Feb 8, 2013 11:29:01 PM

Money talks and bulls#*t walks! Go for it!
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mia3bxs
All-Star Author Miami

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Message Posted: Feb 8, 2013 11:28:34 PM

If it leads to revenues, then I'm a go!
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KnoxGasPriceSpy
Champion Author Knoxville

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Message Posted: Feb 8, 2013 11:24:26 PM

wow
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CiVX
Champion Author Oakland

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Message Posted: Feb 8, 2013 11:24:21 PM

Pittsburg Californy ante got no Areport!
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Mowerman08
Champion Author Milwaukee

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Message Posted: Feb 8, 2013 11:23:39 PM

I didn't like looking down and seeing the ground way down there and a few seconds we are over the runway.
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Prodaddy
Champion Author Houston

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Message Posted: Feb 8, 2013 11:23:12 PM

This is a lot of money
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pinofl
Veteran Author Miami

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Message Posted: Feb 8, 2013 11:22:25 PM

good
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gman617
Champion Author Illinois

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Message Posted: Feb 8, 2013 11:21:20 PM

Don't smoke there either
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flowerladytoo
Rookie Author Minnesota

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Message Posted: Feb 8, 2013 11:21:12 PM

Sweet!!
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JasTheAce
Champion Author Raleigh

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Message Posted: Feb 8, 2013 11:20:50 PM

great
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Kawibiker
Champion Author Illinois

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Message Posted: Feb 8, 2013 11:18:46 PM

Remind me to never fly to Pittsburgh
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REVLAW
Champion Author San Antonio

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Message Posted: Feb 8, 2013 11:17:10 PM

Perhaps a question of air safety.
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kgbellman
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Message Posted: Feb 8, 2013 11:14:41 PM

Good for them, but this doesn't seem to be safe doing it at an airport
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badharley
Champion Author Tampa

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Message Posted: Feb 8, 2013 11:12:16 PM

Good for them all that money should help.
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camel1
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Message Posted: Feb 8, 2013 11:12:16 PM

Use it wisely!
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deerslayer5
Champion Author Minnesota

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Message Posted: Feb 8, 2013 11:12:03 PM

Ok
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sehonda
Champion Author Honolulu

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Message Posted: Feb 8, 2013 11:11:24 PM

give it back to the taxpayers...
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boatmen
Champion Author New York

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Message Posted: Feb 8, 2013 11:07:24 PM

smart for them
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DirtDauber
Champion Author San Antonio

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Message Posted: Feb 8, 2013 11:07:08 PM

Money talks, everything else walks.
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jtfftj
Champion Author New Hampshire

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Message Posted: Feb 8, 2013 11:06:21 PM

The Blizzard of 2013 must have closed the EPA today. They let this through???
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OGW
Champion Author London

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Message Posted: Feb 8, 2013 11:05:24 PM

And who will want to fly into an airport with drilling rigs reaching up into the sky and your 747 is trying land between the rigs?
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CDMAuto
Champion Author Connecticut

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Message Posted: Feb 8, 2013 11:04:57 PM

I woud like to know more about the safty of the project....
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bvrbill
Champion Author Eugene

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Message Posted: Feb 8, 2013 11:04:45 PM

Good for Pittsburgh.
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