Archive for September 8th, 2011

NY DEC Issues Final Draft Drilling Regs – What Happens Now?

The New York State Department of Environmental Conservation (DEC) issued a “final” draft version of proposed new drilling regulations yesterday (see link to full copy below) after incorporating new information it received from a private study about the industrialization affects of drilling on local communities. The new draft Supplemental Generic Environmental Impact Statement (SGEIS) weighs […]

CONSOL Sells Ohio Utica Shale Rights to Hess for $593M

Consol Energy Inc. has sold exploration and development rights for natural gas in the Ohio Utica Shale to Hess Corp. The $593 million deal was announced yesterday. The agreement gives Hess 50 percent of Consol’s mineral rights to some 200,000 acres. Hess will pay Consol $59 million when the deal closes in October and invest […]

Chesapeake CEO Blasts Protesters at Shale Gas Conference

MDN’s hat is off to Chesapeake Energy CEO Aubrey McClendon who spoke his mind yesterday at a shale gas conference in Philadelphia. Outside the industry event were hundreds of protesters, and McClendon had the following to say about them:

New Study Says Gas Drilling in NY Will Create 54K Jobs

A private study on the socio-economic impacts shale gas drilling is projected to have in New York State shows hydraulic fracturing will create some 54,000 jobs and result in $2.5 billion in economic activity. The report, titled “Economic Assessment Report for the Supplemental Generic Environmental Impact Statement on New York State’s Oil, Gas, and Solution […]


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