Allegheny Airport Authority approves $500 mln gas-drilling deal with Consol (Pittsburgh Tribune)

Excerpt:

February 8, 2013 – The Allegheny County Airport Authority on Friday approved a natural-gas drilling deal with Consol Energy that county officials say could generate about $500 million in revenue for the authority over the next two decades. The sum includes about $50 million in up-front payments, expected to be made in about a month when contracts are signed. The remaining $450 million would come from predicted royalties from up to 50 wells at Pittsburgh International Airport over the next 20 years.

Link to Full Article: http://triblive.com/news/adminpage/3450133-74/county-million-airport#axzz2KLd993mU

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