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Marcellus Shale Oil Company Secures North Fayette Lease

by Kenneth E. DuBose on July 16, 2010

North Fayette signs lease agreement with Range Resources:

With a Texas-based energy-drilling company securing leases to explore local Marcellus shale deposits, North Fayette Township officials wanted to make sure they could accomplish two things — regulate drilling on township property and get a piece of the potential windfall. North Fayette supervisors accomplished both this week, securing a lease with Range Resources that permits the company to drill horizontally into township property — but not on it — and ensures that the township gets a flat per-acre payment and a share of any sales of natural gas that Range Resources extracts from the property.

Full Article: Range Resources Secures Fayette Lease – timesonline.com

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