The Department of Conservation and Natural Resources has executed a lease with Chevron Appalachia, LLC for a Youghiogheny River streambed crossing in South Versailles and Elizabeth townships in Allegheny County and Sewickley Township in Westmoreland County for $975,600.
The streambed tract contains a total of 239.4 acres of submerged lands.
The lease allows the development of oil and natural gas below and between the ordinary low water marks of the youghiogheny River solely by means of direction, including horizontal, drilling on a nondevelopment basis that will not disturb the river or its bed.
Click Here for a copy of the lease. Notice of the lease was published in the January 12 PA Bulletin.
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