Columbiana County signs shale gas lease worth $3.2-Million - WFMJ.com News weather sports for Youngstown-Warren Ohio

Columbiana County signs shale gas lease worth $3.2 Million

Updated:

LISBON, Ohio - A new shale gas lease agreement signed by Columbiana County Commissioner Mike Halleck, on behalf of the board, will bring a record $3.2-Million to the county's coffers.

The lease with DPS Penn, an agent for Chesapeake Energy, is for approximately 550-acres of land owned by the county.

Columbiana County will receive $5,850 for each acre, the highest fee ever paid to any government entity.

Halleck, who is the Chairman of the Board of Commissioners, says a portion of that money will go in to an escrow account in the form of a loan to help the Buckeye Water District with a lawsuit.

Halleck said the full board will have to decide exactly what it wants to do with the rest of the money, but he expects some will also go towards repairs to infrastructure in the county, including boilers at the courthouse and a new roof at the jail.

"Of course we would like to re-establish a rainy day fund. We had that back in the 90s and it's certainly beneficial," Halleck said.

The county could also receive more money according to Halleck. He says that would be in the form of royalties once drilling on the land begins.

  • More NewsMore>>

  • Ohio man who plotted attacks on US military to be sentenced

    Ohio man who plotted attacks on US military to be sentenced

    Friday, August 18 2017 12:13 PM EDT2017-08-18 16:13:17 GMT
    An Ohio man charged with plotting to kill military members in the U.S. after receiving overseas training is scheduled to be sentenced.More >>
    An Ohio man charged with plotting to kill military members in the U.S. after receiving overseas training is scheduled to be sentenced.More >>
  • Stuff the Bus program provides 1,000 free back packs

    Stuff the Bus program provides 1,000 free back packs

    Friday, August 18 2017 11:38 AM EDT2017-08-18 15:38:00 GMT
    As valley students prepare for the start of the new school year, many will be receiving a new back pack from Huntington Bank's Stuff the Bus program. Now in it's seventh year the program is an effort to help local families off-set the ever rising costs associated with back to school. "In elementary school it's about $662 a year to start through the whole year, and about $1500 dollars when you get to high school. So with the back pack, this little thing that we're doing is ...More >>
    As valley students prepare for the start of the new school year, many will be receiving a new back pack from Huntington Bank's Stuff the Bus program. Now in it's seventh year the program is an effort to help local families off-set the ever rising costs associated with back to school. "In elementary school it's about $662 a year to start through the whole year, and about $1500 dollars when you get to high school. So with the back pack, this little thing that we're doing is ...More >>
  • OVI checkpoint tonight near Salem

    OVI checkpoint tonight near Salem

    Friday, August 18 2017 11:14 AM EDT2017-08-18 15:14:26 GMT
    There's a chance that people driving along a major highway in the Salem area tonight could find themselves in trouble if they're not sober. The Ohio State Highway Patrol announced this morning that an OVI checkpoint will be conducted from 7 pm until 11 pm tonight at the 23 milepost of State Route 45, which is near the Kent State University Salem campus. State Troopers, Columbiana County Sheriff's Department Deputies, as well as police from Perry Township and Salem will be conducting...More >>
    There's a chance that people driving along a major highway in the Salem area tonight could find themselves in trouble if they're not sober. The Ohio State Highway Patrol announced this morning that an OVI checkpoint will be conducted from 7 pm until 11 pm tonight at the 23 milepost of State Route 45, which is near the Kent State University Salem campus. State Troopers, Columbiana County Sheriff's Department Deputies, as well as police from Perry Township and Salem will be conducting...More >>
  • SpotlightSpotlightMore>>

  • Stuff the Bus!

    Stuff the Bus!

    Sunday, August 13 2017 7:52 PM EDT2017-08-13 23:52:49 GMT

    21 WFMJ, Great Clips, Cocca’s Pizza and Huntington Bank have teamed up with the United Way to “Stuff the Bus,” now through September 3rd.   

    More >>

    21 WFMJ, Great Clips, Cocca’s Pizza and Huntington Bank have teamed up with the United Way to “Stuff the Bus,” now through September 3rd.   

    More >>
  • Panerathon 2017 Team Peacock Registration

    Panerathon 2017 Team Peacock Registration

    Sunday, July 30 2017 8:13 PM EDT2017-07-31 00:13:49 GMT

    Join 21 WFMJ this year for Panerathon 2017!  We want to have the biggest team at Panerathon this year and we need your help. 

    More >>

    Join 21 WFMJ this year for Panerathon 2017!  We want to have the biggest team at Panerathon this year and we need your help. 

    More >>
  • Weather Pics

    Weather Pics

    Check out weather related pics from our viewers!  Please send your pics to weatherpics@wfmj.com.

    More >>

    Check out weather related pics from our viewers!  Please send your pics to weatherpics@wfmj.com.

    More >>
Powered by Frankly
All content © Copyright 2000 - 2017 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms