BP to lease 85,000 acres in Trumbull County for $331 million
Tuesday, March 27, 2012
by Matt Warnock
The London-based oil and gas company BP confirmed that it will lease approximately 85,000 acres in Trumbull County for Utica Shale exploration, The Vindicator reports. With up-front bonus payments of $3,900 per acre, the deal will infuse "more than $331 million into the Valley economy," the article said.