More Pennsylvania State Forest Land Available for Drilling, Governor Announces

Contributor: Duane Morris LLP

SUMMARY: 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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DOCUMENT INFO

Doc Type:
Legal Article/Newsletter

Published: 3/8/2010
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Legal Article/Newsletter Name:
More Pennsylvania State Forest Land Available for Drilling, Governor Announces

Legal System: United States

Subject Matter:
Real Estate - Residential
Commercial Law & Contracts
Elections & Politics
Finance & Banking
Zoning, Planning & Land Use