Encino Energy offered the state a signing bonus and royalties that it claims could tally nearly $2 billion over a period of more than 15 years as it sought to be the first to frack Ohio’s largest state park, records show.
Environmental groups sue to block law that could force gas drilling in state parks
prompted a lawsuit last week from environmental advocates seeking to block the bill from taking effectThe materials Encino submitted to the state suggest a plan already was in motion well before the legislation was unveiled. For instance, one document is dated October 2022, months before the state parks idea was shared publicly. The offer letter says the company has “already begun securing surface locations outside of the Park.
ODNR spokesman Andy Chow said. Mike Chadsey, a spokesman for the Ohio Oil and Gas Association, said companies the association represents are waiting for the commission to draft rules before submitting offers. “It is possible somebody could act adversarially, but the nature of people applying for mineral rights in this timeline, there’s a likelihood they’ll act collaboratively and not adversarially,” Tierney said.“The project would provide more than a billion dollars of revenues to the state, enabling transformative investments in parks and recreational infrastructure,” she said.
The company would rely on a process called hydraulic fracturing, or “fracking,” in which they drill down thousands of feet vertically from well pads adjacent to the park before turning 90 degrees to reach shale formations underneath. From there, water, sand and a range of chemicals are sprayed at extremely high pressures to free methane, or “natural gas,” from the rock.
The lease term offered was three years and could be extended beyond there. Encino estimated drilling about 89 wells to capture Salt Fork’s oil and gas, per the documents. The offer said Encino would abide by “substantially similar environmental protections” as Encino agreed to with the Muskingum Watershed Conservancy District – another arm of state government. Encinoplus 20% royalties from MWCD last year, not counting an agreement to purchase millions of gallons of water from the lake to free gas from underneath.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Former Ohio first lady talks about importance of native Ohio plants, threat of invasive speciesApril is Ohio Native Plant Month, and former First Lady of Ohio, Hope Taft, joined News 5 live Sunday morning to talk about the importance of native plants.
Consulte Mais informação »
TEXAS POLLUTION: What is causing air in Texas' Gulf of Mexico coast to be more polluted?Researchers at the University of Houston claim shipping emissions, humidity, and strong sea breeze also contribute to the hazy conditions.
Consulte Mais informação »
Top-10 2024 Quarterback Air Noland Commits to Ohio StateOhio State has a commitment from one of the top quarterbacks in the 2024 class once again as four-star quarterback Air Noland commits to Ohio State.
Consulte Mais informação »
Ohio race car driver dies at Lawrenceburg SpeedwayThe Ohio native was competing in the USAC AMSOIL sprint car international championship Saturday.
Consulte Mais informação »
Four-star QB Air Noland gives Ohio State recruiting win months after losing Dylan RaiolaAir Noland, a top-100 quarterback recruit in the 2024 class, committed to Ohio State on Saturday night, making up for the loss of Dylan Raiola.
Consulte Mais informação »
Ohio Race Car Driver Dies at 26 After Brutal Crash on Indiana TrackJustin Owen’s sprint car hit a wall and flipped over multiple times at the Lawrenceburg Speedway, where he’d previously racked up two feature wins and a 2022 title.
Consulte Mais informação »