Muskingum Watershed Conservancy District Approves Lease with Antero Resources
Tags: Natural gas, Ohio
The Muskingum Watershed Conservancy District approved a lease with Antero Resources covering 6,500 acres located at Seneca Lake in Guernsey and Noble counties. The district, which stretches from southern Akron to the Ohio River, is now one of the biggest beneficiaries of the Utica Shale as a result of this lease and two prior leases executed in 2011 and 2012. The district has used initial leasing bonuses for debt payment and investments in public access and recreational facility improvement, with plans to utilize further payments for an additional $80 million worth of improvements and deferred maintenance.