Company Decides Not to Drill

Seneca Resources Corporation has decided it will not sign leases worth $31 million to drill on state forest land in Tioga and Lycoming counties.

No reason has been given.

In December, Governor Ed Rendell said he planned to take $174 million of the $191 million coming from Seneca and three other companies to help fill a shortfall in the state's budget.

Rendell's press secretary Chuck Ardo says the administration is waiting to see whether ExxonMobil, the second-place bidder, wants to exercise its option before deciding what to do.

Comments

Popular posts from this blog

Woman Charged with Posting
Nude Picture on Facebook

Arrests in Operation Diamond Drop

Two Arrested on Drug Charges