Ailing PA State Finances Get Boost from Bids on Oil, Gas Drilling PDF Print E-mail

An initial bidding for oil and gas drilling rights on state forest land atop the Marcellus Shale formation will boost state finances, said Gov. Ed Rendell (D-PA).

At a press conference, the governor called the total $190 million in high lease bids submitted by oil and gas companies a positive development when Pennsylvania has economic troubles.

Source: The Times-Tribune

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