Energy Environmental Blog

NY Marcellus Debate

Written by Greg Russell | Nov 29, 2009 4:19:01 PM

The NYT has a good article on the debate taking place in New York over drilling in the Marcellus Shale.  Interesting:  "As New York environmental officials draft regulations to allow drilling in the shale as early as next year, thousands of residents like the Laceys in upstate counties have banded together in coalitions to sign leases with gas companies for drilling on their land — for $5,000 to $6,000 an acre for a term of five years, and royalties of up to 20 percent on whatever gas is found."