With 180,000 acres of leases in New York State, Norse Energy wants to be first in line for permits when New York finalizes its new drilling regulations.
Norse Energy Corp. has begun applying to the New York Department of Environmental Conservation (DEC) for authority to drill high volume hydraulically fractured horizontal shale wells in New York. The first permit application was submitted on July 14, 2011.
“While drilling permits will not be issued until the SGEIS becomes final, Norse believes that it is important to have applications ready for approval, once that process is completed,” commented Norse CEO, Mark Dice. “I am excited to be taking this important step toward development of Norse’s potentially abundant Marcellus and Utica Shale resource”, concluded Dice.
Norse Energy has total contingent resources of 3.9 TCF (~700 MMBOE) at the end of 2010. The Company has a significant land position of 180,000 net acres in New York State.*
UPDATE JULY 26: Although the press release is short and unspecific, MDN readers and newer stories state that even though the Norse leases cover areas that include both the Marcellus and Utica Shales, this first permit filed by Norse is specifically for the Utica Shale and not the Marcellus.
*Norse Energy Press Release (Jul 23, 2011) – Norse Energy Applies for High Volume Hydraulic Fracturing Permits in NY