Friday, April 16, 2010
Gas Drilling Plans Move Ahead
WEST VIRGINIA....
The Marshall County Parks and Recreation Board and Chesapeake Energy agreed this week on a gas lease contract for drilling at Grand Vue Park in Marshall County. The park will receive $2,900 per acre and an initial payment of more than $1.5 million in 90 to 120 days. If any drilling occurs, it will be limited to certain areas of the park, and the park will receive gas royalties of 18.75 percent.
The Marshall County Parks and Recreation Board and Chesapeake Energy agreed this week on a gas lease contract for drilling at Grand Vue Park in Marshall County. The park will receive $2,900 per acre and an initial payment of more than $1.5 million in 90 to 120 days. If any drilling occurs, it will be limited to certain areas of the park, and the park will receive gas royalties of 18.75 percent.
# posted by Homer Owens @ 1:01 PM 
