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Friday
03Jul2009

Energy companies put drilling focus on Pa. as new N.Y. regulations stall

DateFriday, July 3, 2009 at 01:12PM

Fortuna Energy, frustrated by New York's slow progress in rewriting the environmental regulations needed to tap into the Marcellus Shale, plans an aggressive drilling program in Pennsylvania's Northern Tier.
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With the drop in natural gas prices from about $10 per million cubic feet last year to below $4 this year, and the uncertain results of drilling into the Trenton-Black River formation running under the Southern Tier, Fortuna President James O'Driscoll said the Big Flats arm of Canadian gas giant Talisman Energy is ending its Trenton-Black River drilling program.

[From Energy companies put drilling focus on Pa. as new N.Y. regulations stall | stargazette.com | Star-Gazette]
AuthorBill Sinclair | Comment1 Comment |
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Reader Comments (1)

We have had great press in regards to the Southern Tier Marcellis Gas Formation. Guv Patterson would show some great wisdom if he could speed up the new drilling process here in New York State. We could have a great energy boom again! I grew up in the oil country around Scio and Wellsville, NY! If Obama was really interested in American oil independence, he would encourgage drilling here, the sooner the better!
July 11, 2009 | Unregistered CommenterCALVIN PITZRICK

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