Center Township looks to sign lease for mineral rights
Center Township supervisors are moving toward signing a mineral rights lease with a Cranberry Township company.
The company, CX-Energy, would market township-owned land for natural resource harvesting with other energy companies. It would pay the township a fee for the lease, and then the township would earn a share of royalties for any eventual mining or drilling that occurred.
The township previously was engaged in a similar lease with the now defunct Rex Energy. Rex Energy declared bankruptcy last year and was acquired by PennEnergy Resources.
That old five-year lease was signed in September of 2014.
Read more of this story in the print edition of Friday's Butler Eagle.