Has New York Already Missed the Marcellus Shale Drilling Boom?

To answer the question posed in the headline with brutal honesty: Maybe.

Disturbing Observation #1: Yesterday the New York State Senate unanimously confirmed Joe Martens to lead the state’s Department of Environmental Conservation (DEC). The DEC, for those who don’t live in New York, is the agency charged with overseeing drilling in the Marcellus Shale—in fact oversight for all oil and gas drilling in the state. New York has been caught in a holding pattern on Marcellus Shale drilling for over two years, and New York’s landowners are growing weary of the delays in adopting new regulations for drilling in the Marcellus, meaning no permits for drilling in the Marcellus have been issued.

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