Drilling U: A Look At One School's Gas Lease
-
Scott Detrow
Drilling on campus? Governor Corbett has floated the idea as a way for cash-strapped universities to raise money.
It’s already going on at one school, though. The Post-Gazette’s look at an under-the-radar lease signed at California University of Pennsylvania is worth the read.
Ten months ago, The Student Association Inc., an organization affiliated with the university, approved a lease for subsurface drilling on land it owns that includes tennis courts, baseball and soccer fields and an apartment complex where 768 students, including Ms. Kemmerle, live.
The deal may be the first Marcellus Shale lease affecting a state-owned university in Pennsylvania, and it shows how drilling is starting to alter the financial landscape at colleges struggling to maintain their missions in a bad economy.
It also illustrates how a drilling lease can remain under the radar. Even the school’s president, Angelo Armenti Jr., said he did not know a deal had been struck. The lease, approved in a closed meeting, was never announced on campus.