Cambria County Engages Co-eXprise to Build Environmentally Responsible Plan to Lease the County’s Oil & Gas within the Marcellus Shale

February 2, 2011

Meeting planned for government entities to discuss environmentally responsible means to leverage funds from leasing land within the Marcellus Shale for local economic development purposes.

Wexford, PA (PRWEB) February 1, 2011

Cambria County Commissioners in conjunction with Co-eXprise announce today an invitation to all local municipal authorities, townships, and other government entities to attend a presentation scheduled for February 17, 2011, at 6 p.m., at the Cambria County Courthouse, Courtroom #1. This event will inform local government and municipal entities on how to best leverage the County’s resources””including oil and gas within the Marcellus Shale””to fund public works projects in an environmentally responsible manner.

The Marcellus Shale is a rock formation that underlies Cambria County and is believed to hold significant amounts of natural gas. Advancements in drilling technology have made the Marcellus Shale a potential revenue source for the County.

“Marcellus Shale exploration presents some very exciting opportunities as well as challenges,” says Cambria County Commissioner President PJ Stevens. “In difficult times, it is incumbent upon County leaders to make every effort to explore revenue opportunities, provide budgetary relief to county and municipal entities, and make economic opportunities available to our businesses and citizens. It is our hope to provide a good example and guidance to our municipal counterparts and citizens in regard to the responsible development of our natural resources, acquiring the greatest value for our assets, while protecting our environment and the quality of life.

“For the sake of your interest and those of our citizens, we commissioners strongly encourage all municipal governments, school districts and municipal authorities to be represented at this important session.”

This event will be jointly hosted by Cambria County Commissioners PJ Stevens, Milan Gjurich, and Sam Valenty and Co-eXprise, a local company who works with both the public and private sector to realize the best available terms for leases of subsurface mineral rights.

“We plan to leverage this forum to inform and discuss how the County and municipal entities can help fund budgetary requirements and economic development initiatives in an environmentally responsible manner,” said Co-eXprise Founder and CEO William Blair. “Our process for securing mineral rights leasing considers much more than price””and focuses on making the best land use decisions for our communities.”

Co-eXprise Marketplace offers a Mineral Rights Bidding Solution which enables cities, counties, states, schools, municipalities, airport authorities and private land owner associations to competitively bid their mineral rights to achieve the best market price and lease terms. Customers maximize their bonus and royalty payments and realize millions of additional dollars that can self-fund key organizational initiatives.

Presenters will include representatives of Co-eXprise as well as Ken Mesko, Executive Director of the Cambria County Industrial Development Corporation and Jack Ashton, Operations Manager of the Municipal Authority of Westmoreland County.

Dates will be announced for future private landowner meetings that discuss public-private land aggregation leasing partnership within Cambria County.

To register for the event, please visit http://www.cx-energy.com/marcellus.

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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2011/02/prweb5016254.htm

Source: prweb

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