Energy Development In PA Yields Glut Of Trees?
Turns out, natural gas isn’t the only product of energy development in Pennsylvania that’s having a tough time making it to market.
Tree clearing for well pads, pipelines and power lines has also produced an excess of lumber, according to the Scranton Times-Tribune.
More from the Times-Tribune:
As the housing market makes a plodding rebound and prices across all wood grades edge up, the logs remain on property, stranded by the urgency of utilities and gas companies to get their energy delivered and the mounting cost of moving logs to market.
The irony is that utilities and gas companies often have the timber appraised and compensate property owners for the value of the timber they remove or at least take that value into consideration in negotiations with property owners. Even though they pay for the value, they leave it there for the landowner.