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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

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jrs4125 Champion Author Indiana Posts:2,893 Points:618,470 Joined:Sep 2011	Message Posted: Feb 10, 2013 2:18:57 AM Ignore jrs4125 Report Abuse Alrighty then
A_NY_Outlaw Champion Author Albany Posts:1,409 Points:730,560 Joined:Mar 2011	Message Posted: Feb 9, 2013 9:11:27 PM Ignore A_NY_Outlaw Report Abuse Get it going.
humblepie Champion Author Toledo Posts:35,329 Points:2,399,070 Joined:Mar 2006	Message Posted: Feb 9, 2013 8:59:33 AM Ignore humblepie Report Abuse would be stupid not to
peabeax55 All-Star Author Atlanta Posts:713 Points:186,165 Joined:Mar 2012	Message Posted: Feb 9, 2013 6:26:56 AM Ignore peabeax55 Report Abuse I want to see the Youtube videos of pilots negotiating around burnoff flares.
APlus Champion Author San Antonio Posts:4,013 Points:1,011,020 Joined:Apr 2007	Message Posted: Feb 9, 2013 5:51:14 AM Ignore APlus Report Abuse Good win/win for everyone.
doeslayersr Champion Author Illinois Posts:9,303 Points:898,955 Joined:Dec 2010	Message Posted: Feb 9, 2013 5:47:30 AM Ignore doeslayersr Report Abuse Good.
brbaritone Champion Author Virginia Posts:2,145 Points:1,724,100 Joined:Jan 2007	Message Posted: Feb 9, 2013 5:29:24 AM Ignore brbaritone Report Abuse Natural gas drilling did wonders for revenue at DFW Airport in Dallas. They have been able to finance all sorts of improvements and upgrades.
turboz2012 All-Star Author Charleston Posts:749 Points:399,285 Joined:Feb 2012	Message Posted: Feb 9, 2013 4:56:31 AM Ignore turboz2012 Report Abuse More jobs is good.
Eagle3236 Champion Author Missouri Posts:1,289 Points:236,875 Joined:Oct 2012	Message Posted: Feb 9, 2013 4:50:10 AM Ignore Eagle3236 Report Abuse DRILL BABY DRILL!
skippypa Champion Author Hawaii Posts:8,616 Points:1,768,630 Joined:Jun 2008	Message Posted: Feb 9, 2013 3:16:56 AM Ignore skippypa Report Abuse Go for it
que47 All-Star Author Virginia Posts:526 Points:89,295 Joined:Jan 2013	Message Posted: Feb 9, 2013 3:04:58 AM Ignore que47 Report Abuse UseLessGasFolks - I know, I LOVE that view of the city!
comprof Champion Author Houston Posts:7,009 Points:1,384,450 Joined:Jul 2009	Message Posted: Feb 9, 2013 1:00:01 AM Ignore comprof Report Abuse Good!
carloco75 Champion Author Richmond Posts:3,848 Points:627,720 Joined:Oct 2010	Message Posted: Feb 9, 2013 12:42:13 AM Ignore carloco75 Report Abuse I didn't think such an agreement would...
Amplion Champion Author Oregon Posts:6,921 Points:1,892,760 Joined:Sep 2005	Message Posted: Feb 9, 2013 12:16:23 AM Ignore Amplion Report Abuse I AGREE WITH Foxt
mrjames1818 Champion Author New Jersey Posts:1,686 Points:2,025,795 Joined:Mar 2004	Message Posted: Feb 9, 2013 12:09:25 AM Ignore mrjames1818 Report Abuse kd5kpd = BIG Ditto
sprocketsplines Champion Author Washington Posts:1,813 Points:888,060 Joined:Oct 2010	Message Posted: Feb 9, 2013 12:05:40 AM Ignore sprocketsplines Report Abuse The oil rigs will have to be equipped with warning lights for aircraft.
otherdave Champion Author Indiana Posts:3,535 Points:1,296,110 Joined:Oct 2008	Message Posted: Feb 9, 2013 12:00:39 AM Ignore otherdave Report Abuse Oil slick on runway 23.
wally52 Champion Author Little Rock Posts:27,767 Points:842,290 Joined:Jan 2011	Message Posted: Feb 8, 2013 11:59:32 PM Ignore wally52 Report Abuse I think you are waiting for a disaster to happen.
kd5kpd Champion Author Texas Posts:3,877 Points:1,443,675 Joined:Apr 2006	Message Posted: Feb 8, 2013 11:57:38 PM Ignore kd5kpd Report Abuse 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]
UseLessGasFolks Champion Author Iowa Posts:5,586 Points:1,323,550 Joined:Jul 2007	Message Posted: Feb 8, 2013 11:55:02 PM Ignore UseLessGasFolks Report Abuse 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.
52MPG Champion Author Dayton Posts:7,397 Points:1,768,430 Joined:Apr 2006	Message Posted: Feb 8, 2013 11:47:24 PM Ignore 52MPG Report Abuse Oil drilling rigs may not be healthy for low flying aircraft.
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Feb 8, 2013 11:46:19 PM Ignore TIGERPAW46 Report Abuse 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.
KrsnaDragon Champion Author Montreal Posts:2,547 Points:559,000 Joined:Nov 2011	Message Posted: Feb 8, 2013 11:43:34 PM Ignore KrsnaDragon Report Abuse Good news, although I'd like an update after the revenues begin coming in since they say they want to lower fees.
PetroScopper Champion Author Houston Posts:6,760 Points:1,577,635 Joined:Aug 2008	Message Posted: Feb 8, 2013 11:42:10 PM Ignore PetroScopper Report Abuse Hopefully that will translate to some major improvements to a not very nice looking and outdated airport.
rd2000 Champion Author Florida Posts:3,712 Points:714,695 Joined:Jul 2007	Message Posted: Feb 8, 2013 11:40:07 PM Ignore rd2000 Report Abuse good for them
Foxt Champion Author Minnesota Posts:5,400 Points:2,048,030 Joined:Jul 2006	Message Posted: Feb 8, 2013 11:39:05 PM Ignore Foxt Report Abuse Somehow it sounds like a major disaster was about to happen in the future.
GasHunter0007 Veteran Author California Posts:289 Points:188,625 Joined:Oct 2012	Message Posted: Feb 8, 2013 11:37:11 PM Ignore GasHunter0007 Report Abuse go for it. don't expect your fees to go down, however.
AskMeLater Champion Author Amarillo Posts:2,126 Points:604,750 Joined:Jul 2005	Message Posted: Feb 8, 2013 11:29:01 PM Ignore AskMeLater Report Abuse Money talks and bulls#*t walks! Go for it!
mia3bxs Veteran Author Miami Posts:487 Points:332,265 Joined:Jul 2011	Message Posted: Feb 8, 2013 11:28:34 PM Ignore mia3bxs Report Abuse If it leads to revenues, then I'm a go!
KnoxGasPriceSpy Champion Author Knoxville Posts:141,273 Points:947,745 Joined:Oct 2010	Message Posted: Feb 8, 2013 11:24:26 PM Ignore KnoxGasPriceSpy Report Abuse wow
CiVX Champion Author Oakland Posts:7,146 Points:1,383,385 Joined:Feb 2009	Message Posted: Feb 8, 2013 11:24:21 PM Ignore CiVX Report Abuse Pittsburg Californy ante got no Areport!
Mowerman08 Champion Author Milwaukee Posts:4,878 Points:1,243,255 Joined:Aug 2008	Message Posted: Feb 8, 2013 11:23:39 PM Ignore Mowerman08 Report Abuse I didn't like looking down and seeing the ground way down there and a few seconds we are over the runway.
Prodaddy Champion Author Houston Posts:8,516 Points:1,921,910 Joined:May 2007	Message Posted: Feb 8, 2013 11:23:12 PM Ignore Prodaddy Report Abuse This is a lot of money
pinofl Veteran Author Miami Posts:364 Points:70,120 Joined:Dec 2012	Message Posted: Feb 8, 2013 11:22:25 PM Ignore pinofl Report Abuse good
gman617 Champion Author Illinois Posts:1,123 Points:298,175 Joined:Jul 2012	Message Posted: Feb 8, 2013 11:21:20 PM Ignore gman617 Report Abuse Don't smoke there either
flowerladytoo Rookie Author Minnesota Posts:38 Points:271,945 Joined:Oct 2011	Message Posted: Feb 8, 2013 11:21:12 PM Ignore flowerladytoo Report Abuse Sweet!!
JasTheAce Champion Author Raleigh Posts:1,110 Points:200,035 Joined:Nov 2012	Message Posted: Feb 8, 2013 11:20:50 PM Ignore JasTheAce Report Abuse great
Kawibiker Champion Author Illinois Posts:1,221 Points:215,465 Joined:May 2012	Message Posted: Feb 8, 2013 11:18:46 PM Ignore Kawibiker Report Abuse Remind me to never fly to Pittsburgh
REVLAW Champion Author San Antonio Posts:10,576 Points:2,034,945 Joined:Jul 2007	Message Posted: Feb 8, 2013 11:17:10 PM Ignore REVLAW Report Abuse Perhaps a question of air safety.
kgbellman Champion Author Ann Arbor Posts:2,854 Points:759,540 Joined:Mar 2011	Message Posted: Feb 8, 2013 11:14:41 PM Ignore kgbellman Report Abuse Good for them, but this doesn't seem to be safe doing it at an airport
badharley Champion Author Tampa Posts:1,154 Points:766,915 Joined:Jul 2010	Message Posted: Feb 8, 2013 11:12:16 PM Ignore badharley Report Abuse Good for them all that money should help.
camel1 Champion Author Minnesota Posts:8,410 Points:2,294,315 Joined:Jul 2006	Message Posted: Feb 8, 2013 11:12:16 PM Ignore camel1 Report Abuse Use it wisely!
deerslayer5 Champion Author Minnesota Posts:3,080 Points:681,460 Joined:Apr 2011	Message Posted: Feb 8, 2013 11:12:03 PM Ignore deerslayer5 Report Abuse Ok
sehonda Champion Author Honolulu Posts:2,108 Points:930,810 Joined:May 2009	Message Posted: Feb 8, 2013 11:11:24 PM Ignore sehonda Report Abuse give it back to the taxpayers...
boatmen Champion Author New York Posts:3,201 Points:648,630 Joined:Jan 2011	Message Posted: Feb 8, 2013 11:07:24 PM Ignore boatmen Report Abuse smart for them
DirtDauber Champion Author San Antonio Posts:6,922 Points:1,655,160 Joined:Nov 2005	Message Posted: Feb 8, 2013 11:07:08 PM Ignore DirtDauber Report Abuse Money talks, everything else walks.
jtfftj Champion Author New Hampshire Posts:2,214 Points:1,273,840 Joined:Sep 2005	Message Posted: Feb 8, 2013 11:06:21 PM Ignore jtfftj Report Abuse The Blizzard of 2013 must have closed the EPA today. They let this through???
OGW Champion Author London Posts:5,446 Points:1,558,085 Joined:Sep 2005	Message Posted: Feb 8, 2013 11:05:24 PM Ignore OGW Report Abuse 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?
CDMAuto Champion Author Connecticut Posts:3,927 Points:780,580 Joined:Apr 2011	Message Posted: Feb 8, 2013 11:04:57 PM Ignore CDMAuto Report Abuse I woud like to know more about the safty of the project....
bvrbill Champion Author Eugene Posts:3,440 Points:545,250 Joined:Jul 2011	Message Posted: Feb 8, 2013 11:04:45 PM Ignore bvrbill Report Abuse Good for Pittsburgh.