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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (170064)	10/2/2012 7:40:50 AM
From: Dennis Roth	1 Recommendation Read Replies (1) \| Respond to of 206195

New York's endless moratorium drags on. ------ Rulemaking will likely delay NY gas drilling plans Updated September 30, 2012, 1:06 p.m. ET online.wsj.com Associated Press ALBANY, N.Y. — New York regulators expect to reopen their rulemaking process for natural gas drilling using hydraulic fracturing, casting doubt on whether a 4-year-old moratorium on development will be lifted before next year. Department of Environmental Conservation spokeswoman Emily DeSantis said Sunday the agency expects to miss a Nov. 29 deadline for finalizing regulations, making it necessary to reopen the process with at least one public hearing... [snip] ------ Not that it matters much. New York's resource is dry gas and at today's prices no one is in a big hurry to give big signing bonus to landowners for leases or start hiring locals to develop the resource. New York had a chance to get in on the boom and threw it away.

To: richardred who wrote (170064)	12/28/2012 11:20:51 AM
From: Dennis Roth	1 Recommendation Respond to of 206195

NY shale gas rush considered unlikely in 2013 Dec 26, 2012 theadvertiser.com ALBANY, N.Y. — After more than four years of environmental review marked by escalating battles between industry and anti-drilling protesters, New York regulators appear likely to complete strict new regulations for shale gas development by the end of February. But it remains to be seen if drilling actually begins. Gov. Andrew Cuomo and his Department of Environmental Conservation have refused to say whether a 4½-year moratorium on high-volume hydraulic fracturing, or fracking, will be lifted when regulations are completed. Industry insiders say development will happen slowly if the ban is lifted. And opponents have vowed to escalate protests. With a depressed natural gas market and threats of lawsuits and civil disobedience from opposition groups, a shale gas boom like that seen in Pennsylvania is unlikely to hit New York if Cuomo gives drillers the green light in 2013. "My sense of it is, there will be some activity, but I don't see it as being a big land grab," said Nancy Schmitt, president of Taum Sauk Capital Management, a New York-based natural resources hedge fund. "I think it's a smaller resource (than Pennsylvania) and it's unproven and there's political risk. There's a lot of reason to believe they'll be more cautious moving into New York." Tom West, an Albany lawyer who represents Chesapeake Energy and other major drilling firms, said the industry expects DEC to complete the environmental review by mid-February and finalize the regulations by the end of February. "Then we'll have to see what the courts say," West said. "Environmentalists have made it clear that they'll challenge the standards. If a judge grants an injunction on permitting while their case is pending, we'll be shut down for another couple of years." If there's no injunction, drillers can apply for permits under the state's new rules and regulations. Energy companies have hundreds of thousands of acres under lease in New York. If drilling is allowed, it would most likely start in the Southern Tier counties near the border of Pennsylvania, where the industry has thousands of wells and associated infrastructure. Both states, as well as Ohio and West Virginia, are over the gas-rich Marcellus and Utica shale deposits.