Consol, EQT bid to drill at Pittsburgh International Airport
IMPERIAL, Pa. (AP) — Consol Energy and EQT Production Company have submitted bids to drill for natural gas and oil at Pittsburgh International Airport.
The Allegheny County Airport Authority today said EQT bid $4,750 per acre at the 9,263-acre airport, or roughly $44 million. Consol bid $20.8 million — but also included a $2.1 million check as a deposit. Both bids also include ongoing 18 percent royalties to the airport authority.
Authority spokeswoman JoAnn Jenny says she didn’t know if a lack of a deposit would disqualify EQT’s bid. Both must be reviewed before the authority picks one.
The authority wants to use drilling revenue to reduce gate fees that airlines pay. That could help passengers see more and cheaper flights.
The authority got no bids when it sought them four years ago before the Marcellus Shale boom.