Consol Energy Lands Drilling Rights At Pittsburgh Airports

Law360, Philadelphia (December 17, 2012, 5:12 PM EST) -- Pittsburgh's regional airport authority announced Friday that it was granting Consol Energy Inc. the rights to drill for natural gas on nearly 10,000 acres at its two airports, choosing the company's $20.8 million bid over a rival's $44 million offer.

Consol's offer was less than half of the money promised by EQT Corp. when both submitted bids earlier this month, but only Consol complied with a requirement by the airport authority that mandated bidders provide a check for 10 percent of the bonus payment with their...
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