Pittsburgh Airport Offered $44M Shale Drilling Lease Offer
The Pittsburgh International Airport is about to get a huge cash infusion from the shale drilling industry—and it’s not from more passengers passing through the terminal (although that’s happening too). The airport previously floated a request for bids to allow drilling on and under its 9,263 acres. Wednesday morning they opened bids from two drillers: CONSOL Energy and EQT. One bid offered twice the lease payment per acre of the other bid.
Here’s the bid details (and a Marcellus and Utica Shale Databook lease offer map to provide context):