Helping Clients With Their Energy and Environmental Needs

Read

Drilling Bond Reduced

By Greg Russell

The NYT is reporting that the Delaware River Basin Commission is reconsidering the $5 million financial assurance bond required for each well.  "The bonding requirement is shaping up to be a flash point in the fight over drilling in the four-state basin. DRBC has enforced a de facto moratorium while it decides how it will protect water quality in the 13,539-square-mile basin. The primary effect has been to block Pennsylvania's gas rush as it moves into the state's eastern counties."

That certainly has an impact on whether smaller independents will be able to develop their lease interests.

Tags: Energy, Shale

Helping clients with their energy and environmental needs

You can expect to find news and breaking legal developments involving the crude oil and natural gas industries, alternative and renewable energy resources, and the latest environmental issues.