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Belmont County

Belmont County

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Ceremonial ‘Valve Turning’ in Belmont County

Updated: Thursday, June 26 2014, 02:17 PM EDT
BELMONT COUNTY, Ohio – In recent months, Belmont County has seen a major influx of dollars from a number of leases with Oil & Gas Exploration and Production Company Rice Energy.
On Thursday morning, Rice Energy held a special “Valve Opening Ceremony” with county leaders and land owners, showing first-hand the culmination of some major investments.
"We went over this contract line for line and we feel that we did a very good job for the residents of Belmont County, “Commissioner Matt Coffland said.
“Today is a culmination of a lot of men and women's hard work at Rice Energy,” added Toby Rice, Rice Energy president, chief operating officer and director.
The ceremony was held at Rice Energy’s “Monster Jam Meter Skid" for Rice Employees and community members to commemorate the Pennsylvania-based company's production from its first Utica well -- The Bigfoot 9H.
“This is the first step for us,” Toby Rice said, “and we're actually now starting to reach out to some of the larger investments that they have made into the community, so it's really important for our company and important for the community as well."
Rice Energy was also involved with the Smith/Goshen Landowners' Lease, made up of about 1,000 landowners, some of which were present.
“I think today is proof that we found an operator that not only is capable of doing this, but doing it with the best of the companies around," said Larry Cain of the lease group.
Toby Rice says the company has more than two rigs drilling in Belmont County, and it’s also investing a significant amount of money into its infrastructure.
"We're really setting the table in Belmont County for big development plans,” Toby Rice said.

Ceremonial ‘Valve Turning’ in Belmont County

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