Saturday, January 02, 2010
Oil And Gas Drilling On Public Lands
KENTUCKY...
A study says drilling oil and gas wells on public lands in Kentucky could raise up to $15.4 million annually for the state. The Kentucky Geological Survey's study says that amount wouldn't make a dent in the state's $1 billion shortfall, but it could help universities and other state agencies under the right circumstances.The study assessed 931 tracts of public land and found that 173 had almost 8,000 drillable locations. State Sen. Tom Jensen, R-London, asked for the study during the 2009 General Assembly. He said projected revenues were less than he anticipated and he doesn't know what legislators will do with the report.
A study says drilling oil and gas wells on public lands in Kentucky could raise up to $15.4 million annually for the state. The Kentucky Geological Survey's study says that amount wouldn't make a dent in the state's $1 billion shortfall, but it could help universities and other state agencies under the right circumstances.The study assessed 931 tracts of public land and found that 173 had almost 8,000 drillable locations. State Sen. Tom Jensen, R-London, asked for the study during the 2009 General Assembly. He said projected revenues were less than he anticipated and he doesn't know what legislators will do with the report.
# posted by Homer Owens @ 7:48 AM 
