Bayer has leased 1,400 acres at its Marshall County site for gas drilling activities for $30,000,000. That amounts to $21,429 per acre just for leasing, and that does not include the 18% royalties the company will gain.
The same company that leased that land also leased land from nearby PPG Industries for $50,000,000. Bayer believes this activity will help land an ethane cracker on their land.
Bayer Lease To Fetch $30 Million - News, Sports, Jobs - The Intelligencer / Wheeling News-Register