WorldWide Drilling Resource

13 WorldWide Drilling Resource ® OCTOBER 2014 ! " # ! Send Your Breaking News to: promotions@ worldwidedrillingresource.com Breaking News Natural Gas Drilling Takes off at Pittsburgh International Airport CONSOL Energy Inc. was joined by Pennsylvania Governor Tom Corbett and Allegheny County Chief Executive Rich Fitzgerald at a ceremony commemorating the beginning of natural gas development at Pittsburgh International Airport. The event kicked off a sweeping exploration and production program expected to continue through 2018, and bring hundreds of millions of dollars in economic development activity to the region. “Today marks the culmination of what was an exhaustive process, one that was thorough at all levels and, ultimately, drove significant collaboration and constructive, open dialogue with all parties,” said CONSOL Energy President and CEO Nick DeIuliis. “When you talk about public-private partnerships and the benefits such partnerships can generate, I believe this venture is, and will be the gold standard. We intend to honor our 150-year legacy in this region by ensuring that this project is a model for safe and responsible shale gas development here in Southwestern Pennsylvania and beyond.” Governor Corbett said the project will not only revitalize local communities by harvesting local energy sources, it will also create good-paying jobs for the people of Pennsylvania. Including up-front bonus payments made to the Allegheny County Airport Authority, anticipated royalties, and intended capital spent by CONSOL Energy of approximately $500 million, the plan is expected to provide investment of over $1 billion dollars to the greater Pittsburgh region over the life of the project. CONSOL Energy plans to drill 45 wells in the Marcellus and is considering the potential of tapping other areas from this location, including the Devonian and Utica Shales.