CNX, Pittsburgh Airport Cut New Deal to Drill More Wells

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In early 2013 the Pittsburgh International Airport and Allegheny County, PA signed a deal with CONSOL Energy (now CNX Resources) to lease 9,000 acres surrounding the airport for natural gas drilling (see $50M Check in the Mail: Pittsburgh Airport Lease a Done Deal). The airport received a $50 million signing bonus and the promise of 18% royalties on anything produced and sold. The first wells began to flow natural gas for the first time in July 2016 (see CONSOL’s First Pittsburgh Airport Wells Begin to Flow NatGas). Since that time the airport has added its own electric microgrid and now produces all of its own electricity (see Pittsburgh Airport Now Generates All Its Power Using Marcellus Gas). The original deal called for CNX to drill 45 gas wells. They stopped at 14. That may be about to change.

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