Belmont County, Rice Energy Sign $3.5M Lease Agreement

ST. CLAIRSVILLE – The Belmont County Board of Commissioners today signed its second mineral leasing rights agreement with Rice Energy this year, and this contract is for nearly $3.5 million.

This five-year agreement is for 424.6 acres in eastern Belmont County at a price of $8,200 an acre. Belmont County is to receive a check from the company in the next 121 days.

In April, commissioners received a check from Rice Energy for $3,040,820 to lease just over 405 acres of land at $7,500 an acre.

Read more details about the agreement in tomorrow’s issues of The Intelligencer and Wheeling News-Register.