Bloomberg reported that New York plans to delay its final decision on hydraulic fracturing so that Health Commissioner Nirav Shah can analyze its effects on health.
Articles Tagged "new york"
Bloomberg reported that New York's moratorium on drilling for natural gas may be lifted for some counties as early as September. If the state's governor, Andrew Cuomo, follows through, horizontal drilling and hydraulic fracturing could be undertaken at the Marcellus shale.
Industry professionals are waiting in anticipation as a new waterless fracking method is introduced to the natural gas market.
Decision on fracking in the Delaware River Basin is postponed one week after the Obama administration defers on the Keystone XL pipeline.
New York Mercantile Exchange November Natural Gas futures fell due to more than expected rise in inventory and weak oil prices weighed on gas prices. December natural gas ended at $6.431, down by 5.11%. For full story, click here
Natural gas production from New York wells totaled 54.9 billion cubic feet for 2007, lower than the all-time high of 55.2 bcf in 2006. State Department of Environmental Conservation Commissioner Pete Grannis said: The 2007 production, driven by prolific wells in the Finger Lakes region, was enough to heat nearly 800,000 homes for a year. [...]