Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Findlay Oks Drilling under Clinton Park Range Resources Gets 5-Year Lease

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Findlay Oks Drilling under Clinton Park Range Resources Gets 5-Year Lease

Article excerpt

Findlay has given the OK for Range Resources to drill beneath Clinton Park in exchange for payment to the township.

Supervisors voted unanimously Aug. 7 to lease the nonsurface rights below the park to Range Resources to drill into the Marcellus shale.

"It's not going to hurt us, and we are going to realize some financial gain," Findlay Supervisor Ray Chappell said.

The actual drill site is at the Seibel Farm in Beaver County, where drilling is slated to begin in about one month. Range Resources will drill down 1,000 feet and then horizontally for another 11,000 feet to the 61-acre Clinton Park.

Under the 5-year lease, Findlay will receive a $3,000 bonus per acre that will be paid within 90 days. The lease also provides for 18 percent royalties after extraction begins.

"Range has no rights to anything above the surface, only below," township solicitor Alan Shuckrow said.

He said the nonsurface rights span from the top of the tully formation -a sandstone formation directly above the Marcellus shale - to the center of the earth. …

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