M&T Bank Economist Bullish on Drilling in the Marcellus in PA

Wilkes-Barre Times-Leader (Oct 29):
Banker: Marcellus Shale to boost region

M&T Bank economist and Chief Investment Officer James Thorne, Ph.D., addressed a recent meeting of the Greater Wilkes-Barre Chamber of Business and Industry about the impact of drilling in the Marcellus Shale in Northeast Pennsylvania. Among his comments:

The Marcellus Shale gas play will be “a game changer” for Northeastern Pennsylvania, bringing a “huge economic injection” and making life here very different a decade from now…

He also said,

The region will get “a huge shot in the arm” from natural gas drilling. “The economic forecast is very bright.”

There was also this interesting update about drilling activity in Luzerne County:

Many landowners in Luzerne County have entered into leases with drillers, but no wells are yet operating in the county.

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