More Pennsylvania State Forest Land Available for Drilling, Governor Announces

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The recent leasing of Pennsylvania state forest land for natural gas drilling raised so much more money than anticipated for the state that Gov. Edward Rendell decided to lease additional land. Part of the governor's proposed budget for the 2010-2011 fiscal year, unveiled on February 9, 2010, calls for raising $180 million through another round of leasing for drilling. A portion of the expected revenues has already been raised from higher-than-expected bids from the earlier lease. The bidding on that land closed in January.

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Published In: General Business Updates, Elections & Politics Updates, Finance & Banking Updates, Residential Real Estate Updates, Zoning, Planning & Land Use Updates

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