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City Council hears about gas well lease

Municipally owned land could be included, energy businessman says

January 7, 2014

The city of Marietta could put extra cash in its coffers by leasing some municipal properties to a company planning to use hydraulic fracturing to drill for natural gas in the area's Marcellus and......

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Comments

(10)

thegreek

Jan-08-14 4:47 PM

Will city taxes decrease if they get a royalty check?? I have wondered about this conundrum before. If a well is drilled on school land, does the school taxes decrease?? Should the use and appropriation of these funds be voted on by taxpayers that voted for/against the levies?? Or will the people in charge just be free to use as they see fit.?? Does not sound right to me..!!!!

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NasCarNut

Jan-08-14 10:15 AM

If fracking is safe to do in the county why not the city??..go for it, but no whining later when the money is gone and problems arise...

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JoshBrown

Jan-08-14 8:39 AM

Don't worry when the money is gone the cancer will still be here.

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NasCarNut

Jan-07-14 5:34 PM

Yep, censorship s*ucks ;)

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Thrifty

Jan-07-14 1:32 PM

I used a word that rhymes with CHUCK and it got censored???

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Thrifty

Jan-07-14 1:31 PM

Is this really right, or is SS Director Hupp just confused...."City Safety Director Jonathan Hupp noted that, whether or not the city participates in the lease, the horizontal hydraulic drilling will take place anyway because surrounding landowners are already agreeing to lease their properties to Protege."....really, if you refuse to sign a lease, the gas well folks just*****the gas out from under you for FREE? If so, why do they even approach all the landowners? I thought the lease setup had to be a CONTIGUOUS BLOCK of properties. Someone tell me it's not this simple.

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Thrifty

Jan-07-14 1:27 PM

I was sure thanking GOD for that solar energy heating my house when it was -4F last night!! NOT!

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Contrarian

Jan-07-14 11:49 AM

Put the lease money into a dedicated fund, for capital projects. Otherwise they'll just blow it. Don't waste it on solar--that's a boondoggle.

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Someguy80

Jan-07-14 11:03 AM

Mr. McCauley had better hurry up and make sure all of his wellhead protection legislation makes it through quickly, otherwise Marietta residents might be tasting something funny in their water. 99% of the time if there is revenue and profit in it, I say go for it, but I have personally witnessed what these wells can do to a water supply in Eastern PA, and I don't want that in lovely little Marietta.

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Solar1

Jan-07-14 10:03 AM

It's going to be hard for the City Council to not accept the $166,250 from leasing the 35 acres for shale gas extraction. But once the lease money is spent and the royalties have diminished very significantly after a few years, what will we (and our progeny) be left with? I suggest that the city accept the cash and royalties and use half of the revenues to provide a more enduring (and environmentally friendly) energy production source: Solar Cells! Half of the lease money would install about 25 kilowatts of solar panels which would produce about 35,000 kilowatt-hours of electricity a year and save the city about $4,000/year for decades. Half of the royalty income (0.5% of the 17.5% of the well's revenue) could be spent on expanding the Photovoltaic system from its initial build-out. Shale gas resources are an economic boon to the region and they can provide a bridge to renewable energy when Earth's fossil fuels are depleted. Let's set an example for others to follow!

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