Belmont County School Gets Huge Checks from Utica Leases

January 20, 2014January 21, 2014

A local school district in Belmont County, OH--Union Local Schools--is reaping huge rewards from leasing land for Utica Shale drilling. Union Local Schools has already received a lease signing bonus check for $519,750, and a second check is on the way for $112,000--and that's before a penny of royalties are paid (19% for one lease agreement, 20% for a second lease agreement). Here's the low-down...

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