What does Carrizo Oil & Gas know about the New York moratorium on fracking we don’t? The moratorium has been in place for 4 1/2 long years now. There are some signs the moratorium may soon end—witness the parade of mainstream news sources granting political cover and “permission” to Gov. Cuomo to make a pro-fracking decision. But the standard operating procedure by the DEC’s Joe Martens until now has been stall and delay.
Enter Carrizo. Today’s Binghamton Press & Sun-Bulletin announces that Carrizo is drilling an exploratory vertical shale gas well outside of Owego, NY (Tioga County), squarely in the “hot zone” of the Southern Tier where gas drilling will take place. Their aim? Find out if shale gas is present in the vertical well, and then turn the well horizontal when and if the moratorium is lifted.