New York State Drilling in Delaware County?

Now that Patterson is out (THANK GOD!) will NYS begin the process of Natural Gas Exploration/Drilling in Delaware County? Is there anything doing in the forseeable future? Will Gas Companies (Chesapeake) pack their bags and move on to other counties? Many lease agreements were 5 years long. Many have only two years left on them... WTF?

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Replies to This Discussion

Permalink Reply by Kilgour Farms on November 10, 2010 at 6:27am
The Delaware River Basin commission has issued a moratorium in the basin so CHK and others have been declaring Force Majeure for their leases. The Force Majeure allows the gascos to suspend their leases until such time as they are permitted to move forward with ng development.
Permalink Reply by Christian Wolf on November 10, 2010 at 7:13am
Is there any movement or idea when this moratorium will be lifted? So essentially, any 5 year lease is currently indefinite until the moratorium is lifted? (The clock starts when drilling can legally begin?)
Permalink Reply by Kilgour Farms on November 10, 2010 at 9:43am
If they come out with the regulations by Nov, Dec as they're planning and then a comment period, 45 days, a rewrite and another comment period, 30-45 days and then the final draft, probably late spring.

IMHO, the DRBC is trying to time it to come out about the time NYS comes out with their GEIS.

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