June 27, 2010
Colleges Atop Gas-Rich Shale Weigh Offers From Drillers
Potential boom in mid-Atlantic states could bring millions in revenue, along with headaches
Christopher Weddle for The Chronicle
Peter A. Keller (left), provost of Mansfield U. of Pennsylvania, visits a drilling site about eight miles from the campus. Hundreds of trillions of cubic feet of natural gas are in the rock below.
Kevin Wilson can look around at the 270 acres on which Keystone College sits and imagine a different future for his small, impoverished institution. Mr. Wilson, vice president for finance and administration, foresees a time when drillers could put a handful of gas wells on the land, each of them yielding millions of dollars in royalties a year, for perhaps a couple of decades.
For a 142-year-old college with a $7-million endowment, that kind of money could be "a real game-changer," he
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