“Has New York missed the gas-drilling boom?”
The Poughkeepsie Journal reports:
Close to four years of regulatory review and a de facto moratorium later, New York’s portion of the Marcellus remains untapped by high-volume hydraulic fracturing. Now, natural-gas giants like Chesapeake Energy and Consol Energy are pulling back on shale-gas drilling in other states and focusing on so-called “wet gas” not found in New York. It’s largely because natural-gas prices have dropped to lows not seen since 2002.
It all raises the question: Has New York missed the gas-drilling boom?..