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Author	Topic: Pittsburgh airport OK's $500M gas drilling deal	Post a Reply Back to Topics

bar1035 Champion Author Charlotte Posts:9,167 Points:1,299,195 Joined:Aug 2006	Message Posted: Feb 9, 2013 12:18:40 AM Ignore bar1035 Report Abuse PITTSBURGH (AP) - The Allegheny County Airport Authority has approved a $500 million deal with Consol Energy for rights to drill for natural gas and oil at Pittsburgh International Airport. The authority board approved the deal Friday. Consol in December initially bid $20.8 million for drilling rights, which will include ongoing 18% royalties. County officials say the energy firm later agreed to increase its initial payment to $50 million and the royalties are expected to bring in $450 million more over the next 20 years. Consol is expected to drill at least 50 wells over 9,000 acres of land. Airport officials want to use at least some of the revenue to lower gate fees in hopes of attracting more flights to the airport about 10 miles west of the city. Visit WOWK-TV for full article

bar1035

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Message Posted: Feb 9, 2013 12:18:40 AM

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PITTSBURGH (AP) - The Allegheny County Airport Authority has approved a $500 million deal with Consol Energy for rights to drill for natural gas and oil at Pittsburgh International Airport.

The authority board approved the deal Friday.

Consol in December initially bid $20.8 million for drilling rights, which will include ongoing 18% royalties. County officials say the energy firm later agreed to increase its initial payment to $50 million and the royalties are expected to bring in $450 million more over the next 20 years. Consol is expected to drill at least 50 wells over 9,000 acres of land.

Airport officials want to use at least some of the revenue to lower gate fees in hopes of attracting more flights to the airport about 10 miles west of the city.
Visit WOWK-TV for full article

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jrs4125 Champion Author Indiana Posts:2,763 Points:592,720 Joined:Sep 2011	Message Posted: Feb 10, 2013 4:18:57 AM Ignore jrs4125 Report Abuse Alrighty then
A_NY_Outlaw Champion Author Albany Posts:1,378 Points:706,540 Joined:Mar 2011	Message Posted: Feb 9, 2013 11:11:27 PM Ignore A_NY_Outlaw Report Abuse Get it going.
humblepie Champion Author Toledo Posts:34,252 Points:2,372,345 Joined:Mar 2006	Message Posted: Feb 9, 2013 10:59:33 AM Ignore humblepie Report Abuse would be stupid not to
peabeax55 All-Star Author Atlanta Posts:713 Points:185,515 Joined:Mar 2012	Message Posted: Feb 9, 2013 8:26:56 AM Ignore peabeax55 Report Abuse I want to see the Youtube videos of pilots negotiating around burnoff flares.
APlus Champion Author San Antonio Posts:3,918 Points:992,195 Joined:Apr 2007	Message Posted: Feb 9, 2013 7:51:14 AM Ignore APlus Report Abuse Good win/win for everyone.
doeslayersr Champion Author Illinois Posts:9,121 Points:872,980 Joined:Dec 2010	Message Posted: Feb 9, 2013 7:47:30 AM Ignore doeslayersr Report Abuse Good.
brbaritone Champion Author Virginia Posts:2,068 Points:1,698,810 Joined:Jan 2007	Message Posted: Feb 9, 2013 7:29:24 AM Ignore brbaritone Report Abuse Natural gas drilling did wonders for revenue at DFW Airport in Dallas. They have been able to finance all sorts of improvements and upgrades.
turboz2012 All-Star Author Charleston Posts:682 Points:375,345 Joined:Feb 2012	Message Posted: Feb 9, 2013 6:56:31 AM Ignore turboz2012 Report Abuse More jobs is good.
Eagle3236 Champion Author Missouri Posts:1,153 Points:210,150 Joined:Oct 2012	Message Posted: Feb 9, 2013 6:50:10 AM Ignore Eagle3236 Report Abuse DRILL BABY DRILL!
skippypa Champion Author Hawaii Posts:8,476 Points:1,740,930 Joined:Jun 2008	Message Posted: Feb 9, 2013 5:16:56 AM Ignore skippypa Report Abuse Go for it
que47 Veteran Author Virginia Posts:483 Points:75,655 Joined:Jan 2013	Message Posted: Feb 9, 2013 5:04:58 AM Ignore que47 Report Abuse UseLessGasFolks - I know, I LOVE that view of the city!
comprof Champion Author Houston Posts:6,864 Points:1,357,725 Joined:Jul 2009	Message Posted: Feb 9, 2013 3:00:01 AM Ignore comprof Report Abuse Good!
carloco75 Champion Author Richmond Posts:3,716 Points:601,115 Joined:Oct 2010	Message Posted: Feb 9, 2013 2:42:13 AM Ignore carloco75 Report Abuse I didn't think such an agreement would...
Amplion Champion Author Oregon Posts:6,772 Points:1,866,035 Joined:Sep 2005	Message Posted: Feb 9, 2013 2:16:23 AM Ignore Amplion Report Abuse I AGREE WITH Foxt
mrjames1818 Champion Author New Jersey Posts:1,550 Points:1,999,070 Joined:Mar 2004	Message Posted: Feb 9, 2013 2:09:25 AM Ignore mrjames1818 Report Abuse kd5kpd = BIG Ditto
sprocketsplines Champion Author Washington Posts:1,687 Points:861,615 Joined:Oct 2010	Message Posted: Feb 9, 2013 2:05:40 AM Ignore sprocketsplines Report Abuse The oil rigs will have to be equipped with warning lights for aircraft.
otherdave Champion Author Indiana Posts:3,398 Points:1,270,135 Joined:Oct 2008	Message Posted: Feb 9, 2013 2:00:39 AM Ignore otherdave Report Abuse Oil slick on runway 23.
wally52 Champion Author Little Rock Posts:27,470 Points:815,485 Joined:Jan 2011	Message Posted: Feb 9, 2013 1:59:32 AM Ignore wally52 Report Abuse I think you are waiting for a disaster to happen.
kd5kpd Champion Author Texas Posts:3,741 Points:1,417,700 Joined:Apr 2006	Message Posted: Feb 9, 2013 1:57:38 AM Ignore kd5kpd Report Abuse Drilling for more AMERICAN resources to sell overseas for huge profit while our prices keep climbing, aint that fan fricking tastic!!!!!!!!!!!!!!!!!!!!!!!!!!!! [Edited by: kd5kpd at 2/9/2013 1:58:31 AM EST]
UseLessGasFolks Champion Author Iowa Posts:5,451 Points:1,296,825 Joined:Jul 2007	Message Posted: Feb 9, 2013 1:55:02 AM Ignore UseLessGasFolks Report Abuse Fly in there often. I love when you come out of the fort pitt tunnel and the steel city is laid out in front of you.
52MPG Champion Author Dayton Posts:7,267 Points:1,742,680 Joined:Apr 2006	Message Posted: Feb 9, 2013 1:47:24 AM Ignore 52MPG Report Abuse Oil drilling rigs may not be healthy for low flying aircraft.
TIGERPAW46 Champion Author Florida Posts:7,131 Points:1,356,655 Joined:Mar 2004	Message Posted: Feb 9, 2013 1:46:19 AM Ignore TIGERPAW46 Report Abuse There was a Natural gas excess last winter & massive Shale oil well output. Now they say nat. gas prices has gotten high & they still want permission from Congress to Export it, so they can raise the price more. Write your Congressmen to say no or limit Export to only what can't be sold in the USA WITH A PERCENTAGE EXCESS KEPT IN THE USA TO KEEP PRICES BELOW EXPORT / WORLD PRICES.
KrsnaDragon Champion Author Montreal Posts:2,412 Points:531,525 Joined:Nov 2011	Message Posted: Feb 9, 2013 1:43:34 AM Ignore KrsnaDragon Report Abuse Good news, although I'd like an update after the revenues begin coming in since they say they want to lower fees.
PetroScopper Champion Author Houston Posts:6,625 Points:1,550,910 Joined:Aug 2008	Message Posted: Feb 9, 2013 1:42:10 AM Ignore PetroScopper Report Abuse Hopefully that will translate to some major improvements to a not very nice looking and outdated airport.
rd2000 Champion Author Florida Posts:3,576 Points:687,970 Joined:Jul 2007	Message Posted: Feb 9, 2013 1:40:07 AM Ignore rd2000 Report Abuse good for them
Foxt Champion Author Minnesota Posts:5,265 Points:2,021,305 Joined:Jul 2006	Message Posted: Feb 9, 2013 1:39:05 AM Ignore Foxt Report Abuse Somehow it sounds like a major disaster was about to happen in the future.
GasHunter0007 Veteran Author California Posts:289 Points:169,125 Joined:Oct 2012	Message Posted: Feb 9, 2013 1:37:11 AM Ignore GasHunter0007 Report Abuse go for it. don't expect your fees to go down, however.
AskMeLater Champion Author Amarillo Posts:1,993 Points:579,000 Joined:Jul 2005	Message Posted: Feb 9, 2013 1:29:01 AM Ignore AskMeLater Report Abuse Money talks and bulls#*t walks! Go for it!
mia3bxs Veteran Author Miami Posts:452 Points:311,940 Joined:Jul 2011	Message Posted: Feb 9, 2013 1:28:34 AM Ignore mia3bxs Report Abuse If it leads to revenues, then I'm a go!
KnoxGasPriceSpy Champion Author Knoxville Posts:140,874 Points:920,795 Joined:Oct 2010	Message Posted: Feb 9, 2013 1:24:26 AM Ignore KnoxGasPriceSpy Report Abuse wow
CiVX Champion Author Oakland Posts:7,055 Points:1,359,610 Joined:Feb 2009	Message Posted: Feb 9, 2013 1:24:21 AM Ignore CiVX Report Abuse Pittsburg Californy ante got no Areport!
Mowerman08 Champion Author Milwaukee Posts:4,760 Points:1,217,995 Joined:Aug 2008	Message Posted: Feb 9, 2013 1:23:39 AM Ignore Mowerman08 Report Abuse I didn't like looking down and seeing the ground way down there and a few seconds we are over the runway.
Prodaddy Champion Author Houston Posts:8,380 Points:1,895,185 Joined:May 2007	Message Posted: Feb 9, 2013 1:23:12 AM Ignore Prodaddy Report Abuse This is a lot of money
pinofl Veteran Author Miami Posts:364 Points:70,120 Joined:Dec 2012	Message Posted: Feb 9, 2013 1:22:25 AM Ignore pinofl Report Abuse good
gman617 All-Star Author Illinois Posts:988 Points:271,450 Joined:Jul 2012	Message Posted: Feb 9, 2013 1:21:20 AM Ignore gman617 Report Abuse Don't smoke there either
flowerladytoo Rookie Author Minnesota Posts:36 Points:261,705 Joined:Oct 2011	Message Posted: Feb 9, 2013 1:21:12 AM Ignore flowerladytoo Report Abuse Sweet!!
JasTheAce All-Star Author Raleigh Posts:975 Points:173,310 Joined:Nov 2012	Message Posted: Feb 9, 2013 1:20:50 AM Ignore JasTheAce Report Abuse great
Kawibiker Champion Author Illinois Posts:1,175 Points:205,575 Joined:May 2012	Message Posted: Feb 9, 2013 1:18:46 AM Ignore Kawibiker Report Abuse Remind me to never fly to Pittsburgh
REVLAW Champion Author San Antonio Posts:10,440 Points:2,008,220 Joined:Jul 2007	Message Posted: Feb 9, 2013 1:17:10 AM Ignore REVLAW Report Abuse Perhaps a question of air safety.
kgbellman Champion Author Ann Arbor Posts:2,718 Points:732,815 Joined:Mar 2011	Message Posted: Feb 9, 2013 1:14:41 AM Ignore kgbellman Report Abuse Good for them, but this doesn't seem to be safe doing it at an airport
badharley Champion Author Tampa Posts:1,030 Points:741,285 Joined:Jul 2010	Message Posted: Feb 9, 2013 1:12:16 AM Ignore badharley Report Abuse Good for them all that money should help.
camel1 Champion Author Minnesota Posts:8,270 Points:2,266,615 Joined:Jul 2006	Message Posted: Feb 9, 2013 1:12:16 AM Ignore camel1 Report Abuse Use it wisely!
deerslayer5 Champion Author Minnesota Posts:3,010 Points:657,285 Joined:Apr 2011	Message Posted: Feb 9, 2013 1:12:03 AM Ignore deerslayer5 Report Abuse Ok
sehonda Champion Author Honolulu Posts:2,043 Points:916,985 Joined:May 2009	Message Posted: Feb 9, 2013 1:11:24 AM Ignore sehonda Report Abuse give it back to the taxpayers...
boatmen Champion Author New York Posts:3,085 Points:622,805 Joined:Jan 2011	Message Posted: Feb 9, 2013 1:07:24 AM Ignore boatmen Report Abuse smart for them
DirtDauber Champion Author San Antonio Posts:6,786 Points:1,628,435 Joined:Nov 2005	Message Posted: Feb 9, 2013 1:07:08 AM Ignore DirtDauber Report Abuse Money talks, everything else walks.
jtfftj Champion Author New Hampshire Posts:2,180 Points:1,249,135 Joined:Sep 2005	Message Posted: Feb 9, 2013 1:06:21 AM Ignore jtfftj Report Abuse The Blizzard of 2013 must have closed the EPA today. They let this through???
OGW Champion Author London Posts:5,329 Points:1,532,975 Joined:Sep 2005	Message Posted: Feb 9, 2013 1:05:24 AM Ignore OGW Report Abuse And who will want to fly into an airport with drilling rigs reaching up into the sky and your 747 is trying land between the rigs?
CDMAuto Champion Author Connecticut Posts:3,798 Points:754,890 Joined:Apr 2011	Message Posted: Feb 9, 2013 1:04:57 AM Ignore CDMAuto Report Abuse I woud like to know more about the safty of the project....
bvrbill Champion Author Eugene Posts:3,223 Points:519,600 Joined:Jul 2011	Message Posted: Feb 9, 2013 1:04:45 AM Ignore bvrbill Report Abuse Good for Pittsburgh.