Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:19 PM

GasBuddy News Article

34
votes
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.


Read the Full Article

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
Profile Pic
jrs4125
Champion Author Indiana

Posts:5,067
Points:1,435,680
Joined:Sep 2011
Message Posted: Feb 10, 2013 2:18:57 AM

Alrighty then
Profile Pic
A_NY_Outlaw
Champion Author Albany

Posts:1,568
Points:1,515,185
Joined:Mar 2011
Message Posted: Feb 9, 2013 9:11:27 PM

Get it going.
Profile Pic
humblepie
Champion Author Toledo

Posts:66,025
Points:3,258,270
Joined:Mar 2006
Message Posted: Feb 9, 2013 8:59:33 AM

would be stupid not to
Profile Pic
peabeax55
All-Star Author Atlanta

Posts:941
Points:310,555
Joined:Mar 2012
Message Posted: Feb 9, 2013 6:26:56 AM

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

Posts:4,602
Points:1,433,195
Joined:Apr 2007
Message Posted: Feb 9, 2013 5:51:14 AM

Good win/win for everyone.
Profile Pic
doeslayersr
Champion Author Illinois

Posts:13,436
Points:1,804,130
Joined:Dec 2010
Message Posted: Feb 9, 2013 5:47:30 AM

Good.
Profile Pic
brbaritone
Champion Author Virginia

Posts:4,513
Points:2,536,750
Joined:Jan 2007
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.
Profile Pic
turboz2012
Champion Author Charleston

Posts:1,027
Points:1,105,570
Joined:Feb 2012
Message Posted: Feb 9, 2013 4:56:31 AM

More jobs is good.
Profile Pic
Eagle3236
Champion Author Missouri

Posts:4,627
Points:1,054,500
Joined:Oct 2012
Message Posted: Feb 9, 2013 4:50:10 AM

DRILL BABY DRILL!
Profile Pic
skippypa
Champion Author Hawaii

Posts:12,020
Points:2,672,905
Joined:Jun 2008
Message Posted: Feb 9, 2013 3:16:56 AM

Go for it
Profile Pic
que47
All-Star Author Virginia

Posts:571
Points:306,895
Joined:Jan 2013
Message Posted: Feb 9, 2013 3:04:58 AM

UseLessGasFolks - I know, I LOVE that view of the city!
Profile Pic
comprof
Champion Author Houston

Posts:10,658
Points:2,240,840
Joined:Jul 2009
Message Posted: Feb 9, 2013 1:00:01 AM

Good!
Profile Pic
carloco75
Champion Author Richmond

Posts:7,183
Points:1,487,120
Joined:Oct 2010
Message Posted: Feb 9, 2013 12:42:13 AM

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

Posts:10,431
Points:2,688,540
Joined:Sep 2005
Message Posted: Feb 9, 2013 12:16:23 AM

I AGREE WITH Foxt
Profile Pic
mrjames1818
Champion Author New Jersey

Posts:5,083
Points:2,870,795
Joined:Mar 2004
Message Posted: Feb 9, 2013 12:09:25 AM

kd5kpd = BIG Ditto
Profile Pic
sprocketsplines
Champion Author Washington

Posts:5,137
Points:1,695,625
Joined:Oct 2010
Message Posted: Feb 9, 2013 12:05:40 AM

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

Posts:6,943
Points:2,151,315
Joined:Oct 2008
Message Posted: Feb 9, 2013 12:00:39 AM

Oil slick on runway 23.
Profile Pic
wally52
Champion Author Little Rock

Posts:33,625
Points:1,672,590
Joined:Jan 2011
Message Posted: Feb 8, 2013 11:59:32 PM

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

Posts:6,870
Points:2,247,935
Joined:Apr 2006
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]
Profile Pic
UseLessGasFolks
Champion Author Iowa

Posts:8,856
Points:2,177,225
Joined:Jul 2007
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.
Profile Pic
52MPG
Champion Author Dayton

Posts:10,784
Points:2,596,900
Joined:Apr 2006
Message Posted: Feb 8, 2013 11:47:24 PM

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

Posts:10,733
Points:2,194,380
Joined:Mar 2004
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.
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:6,377
Points:1,411,245
Joined:Nov 2011
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.
Profile Pic
PetroScopper
Champion Author Houston

Posts:10,103
Points:2,425,880
Joined:Aug 2008
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.
Profile Pic
rd2000
Champion Author Florida

Posts:7,045
Points:1,594,595
Joined:Jul 2007
Message Posted: Feb 8, 2013 11:40:07 PM

good for them
Profile Pic
Foxt
Champion Author Minnesota

Posts:8,726
Points:2,874,520
Joined:Jul 2006
Message Posted: Feb 8, 2013 11:39:05 PM

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

Posts:303
Points:317,755
Joined:Oct 2012
Message Posted: Feb 8, 2013 11:37:11 PM

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

Posts:5,442
Points:1,489,985
Joined:Jul 2005
Message Posted: Feb 8, 2013 11:29:01 PM

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

Posts:517
Points:953,890
Joined:Jul 2011
Message Posted: Feb 8, 2013 11:28:34 PM

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

Posts:160,811
Points:1,846,920
Joined:Oct 2010
Message Posted: Feb 8, 2013 11:24:26 PM

wow
Profile Pic
CiVX
Champion Author Oakland

Posts:10,301
Points:2,236,140
Joined:Feb 2009
Message Posted: Feb 8, 2013 11:24:21 PM

Pittsburg Californy ante got no Areport!
Profile Pic
Mowerman08
Champion Author Milwaukee

Posts:7,731
Points:2,058,215
Joined:Aug 2008
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.
Profile Pic
Prodaddy
Champion Author Houston

Posts:11,832
Points:2,739,540
Joined:May 2007
Message Posted: Feb 8, 2013 11:23:12 PM

This is a lot of money
Profile Pic
pinofl
Veteran Author Miami

Posts:364
Points:70,145
Joined:Dec 2012
Message Posted: Feb 8, 2013 11:22:25 PM

good
Profile Pic
gman617
Champion Author Illinois

Posts:4,534
Points:1,201,325
Joined:Jul 2012
Message Posted: Feb 8, 2013 11:21:20 PM

Don't smoke there either
Profile Pic
flowerladytoo
Rookie Author Minnesota

Posts:40
Points:350,685
Joined:Oct 2011
Message Posted: Feb 8, 2013 11:21:12 PM

Sweet!!
Profile Pic
JasTheAce
Champion Author Raleigh

Posts:4,435
Points:1,095,010
Joined:Nov 2012
Message Posted: Feb 8, 2013 11:20:50 PM

great
Profile Pic
Kawibiker
Champion Author Illinois

Posts:1,924
Points:364,635
Joined:May 2012
Message Posted: Feb 8, 2013 11:18:46 PM

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

Posts:13,997
Points:2,928,950
Joined:Jul 2007
Message Posted: Feb 8, 2013 11:17:10 PM

Perhaps a question of air safety.
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:6,195
Points:1,658,320
Joined:Mar 2011
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
Profile Pic
badharley
Champion Author Tampa

Posts:2,830
Points:1,119,415
Joined:Jul 2010
Message Posted: Feb 8, 2013 11:12:16 PM

Good for them all that money should help.
Profile Pic
camel1
Champion Author Minnesota

Posts:11,750
Points:3,128,240
Joined:Jul 2006
Message Posted: Feb 8, 2013 11:12:16 PM

Use it wisely!
Profile Pic
deerslayer5
Champion Author Minnesota

Posts:4,915
Points:1,422,885
Joined:Apr 2011
Message Posted: Feb 8, 2013 11:12:03 PM

Ok
Profile Pic
sehonda
Champion Author Honolulu

Posts:3,393
Points:1,273,960
Joined:May 2009
Message Posted: Feb 8, 2013 11:11:24 PM

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

Posts:5,915
Points:1,370,740
Joined:Jan 2011
Message Posted: Feb 8, 2013 11:07:24 PM

smart for them
Profile Pic
DirtDauber
Champion Author San Antonio

Posts:10,314
Points:2,487,815
Joined:Nov 2005
Message Posted: Feb 8, 2013 11:07:08 PM

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

Posts:2,845
Points:2,022,420
Joined:Sep 2005
Message Posted: Feb 8, 2013 11:06:21 PM

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

Posts:7,135
Points:2,245,765
Joined:Sep 2005
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?
Profile Pic
CDMAuto
Champion Author Connecticut

Posts:7,228
Points:1,674,490
Joined:Apr 2011
Message Posted: Feb 8, 2013 11:04:57 PM

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

Posts:8,688
Points:1,451,650
Joined:Jul 2011
Message Posted: Feb 8, 2013 11:04:45 PM

Good for Pittsburgh.
Profile Pic
Ron77095
Champion Author Houston

Posts:6,586
Points:1,540,300
Joined:Sep 2011
Message Posted: Feb 8, 2013 11:04:34 PM

ok.
Post a reply Back to Topics