Wednesday, September 10, 2008

Tentative deal reached on natural gas leases in Garrett County ..

As first reported by the Baltimore Sun's Jay Hancock and according to Garrett County's own Delmer Yoder a tentative deal has been reached that would pay a consortium of Garrett County land owners $1,150 per acre to lease 31,000 acres of land for energy exploration and development in the Marcellus Shale. Additional revenue sharing and royalties appear to be included in the deal that could make some farmers into Garrett County's newest millionaires. The leasing rights alone could bring over $35million in income back to Garrett County.

Don't forget to check back to Dan's Deep Creek Blog for future updates.

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